The $TURTLE /USDT pair is currently exhibiting a strong parabolic trend on the 15-minute timeframe, having surged from a daily low of $0.0597 to its current level near $0.0661. This recovery represents a significant bounce back from recent local lows, driven by increased trading volume which has reached approximately $10M in the last 24 hours.
Technical Breakdown
Key Levels:
Support: $0.0652 (EMA 7) and $0.0634 (EMA 25).
Resistance: $0.0673 (Local peak) and $0.0680 (Immediate target).
Momentum Indicators:
RSI (6): Currently at 83.82. While the trend is strongly bullish, this level indicates the asset is entering Overbought territory, suggesting a brief consolidation or retest of support may occur before further upside.
Moving Averages: Price remains comfortably above the EMA 99 ($0.0612), confirming a robust short-term uptrend.
Trade Execution Plan
Entry Zone: $0.0635 – $0.0650 (Look for entries on a retest of the EMA 25).
Take Profit (TP):
TP 1: $0.0680
TP 2: $0.0715
TP 3: $0.0750.
Stop Loss: $0.0585.
Risk-to-Reward: ~1:3.5
Market Question: Are you holding your $TURTLE for a new monthly high, or taking profits at the $0.0680 resistance? Let’s discuss below! 👇
