THE TURBO SQUEEZE IS REACHING ITS BREAKING POINT
Technically, TURBO has slammed into a key supply zone after a vertical price surge. The chart is now showing signs of exhaustion and rejection, indicating that the powerful upward momentum may be failing.
This rally is fueled by a classic short squeeze. On-chain data reveals highly negative funding rates, confirming massive amounts of short positions are being forced to close. These types of sentiment-driven rallies are inherently unstable and are highly susceptible to sharp, rapid price reversals once the buying pressure subsides.
The trade focuses on this potential reversal, targeting the 0.0019285 level. Invalidation is a clean break above the local highs around 0.0026850.
TURBO
0.001979
-1.34%