$TURBO Update‼️
The daily chart for $TURBO is showing strong signs of a structural shift. After a long period of downward pressure, we are seeing key technical movements that could signal the start of a major bullish shift.
🔍 What the Charts Are Telling Us:
Trendline Breakout: Price has successfully broken above the long-term descending resistance line.
Failed Resistance Flip Red Zone 👇: Following the breakout, the price was rejected from a significant horizontal resistance zone around $0.0028 - $0.0030.
Bullish Consolidation: Currently, $TURBO is consolidating above the previous broken trendline resistance, preparing for its next move.
Volume Insights: The initial breakout saw high volume spikes. The current correction is happening on lower volume, suggesting that the selling pressure is weak and the correction may end soon.
📉 Crucial Levels to Watch:
Immediate Support: $0.001800 - $0.001700. It is vital for the price to hold this level to maintain bullish momentum with higher low.
Demand Zone: If the support breaks, look for the $0.001600 - $0.001300 area as a strong accumulation zone.
Potential Targets at first hurdle : $0.0025 and $0.0030 🎯.
The overall structure hints at a new bullish shift. Since this is a daily chart analysis, it may take some time to play out. Spot holders might consider holding and using corrections for DCA (Dollar Cost Averaging).
