๐ TURBO/USDT - Potential Correction After Rally ๐
The chart shows TURBO/USDT facing some retracement, currently down -8.83% at $0.0084225. Recent bullish momentum is encountering resistance near its previous high.
๐ฅ Key Levels:
Bullish OB Zones: $0.0077226 and $0.0074617 โ potential areas for support and buying interest.
Bearish OB Zones: Strong resistance near $0.0094040, which aligns with recent pullback points.
Support Range: Look for critical support at $0.0061598 and $0.0060857 if the correction deepens.
๐ฏ Long Trade Setup:
Entry: Consider entering long positions near the $0.0077226 support zone.
Take Profit (TP):
1. TP1: $0.0088000
2. TP2: $0.0094000
3. TP3: $0.0100000 (psychological level)
Stop Loss: Place SL below $0.0074617 to mitigate risk.
๐ Short Trade Setup:
Entry: Look for rejection from $0.0094000 if price fails to maintain momentum.
Take Profit (TP):
1. TP1: $0.0077226
2. TP2: $0.0068000
3. TP3: $0.0061598 (deeper retracement)
Stop Loss: Position SL above $0.0094040 to avoid being caught in breakout rallies.
๐ก Pro Tip: Keep an eye on volume and MACD signalsโany divergence could signal a reversal or continuation. Adjust your strategy as price interacts with the OB levels for optimal results.