Current Price: $0.008727 | 24h Change: +20.26%
TURBO has been showing strong momentum over the past 24 hours with a solid gain of over 20%. Here's a deeper look at the technical indicators and potential targets for short-term traders:
Key Indicators:
1. Support & Resistance:
24h High: $0.009405
24h Low: $0.007200
Key Support: $0.007200 (strong rebound zone)
Resistance: $0.009302 (current SAR)
2. SAR (Stop and Reverse): The SAR indicator currently sits at $0.009302, suggesting that prices are approaching a resistance level. If the price breaks above, we could see further upward movement.
3. Volume: The 24h trading volume shows a massive interest in TURBO, with 11.32B TURBO and 96.53M USDT traded. This high liquidity could fuel further price action.
๐ฏ Price Targets:
1. Target 1 - $0.009500: The next resistance level is just above the 24h high. If the upward momentum continues and breaks $0.009405, traders may target $0.009500 for short-term gains.
2. Target 2 - $0.010000: A psychological barrier that often acts as a major resistance. If buying pressure remains high and volume continues to rise, $0.010000 could be tested.
3. Target 3 - $0.011000: In case of a significant breakout, $0.011000 could serve as a more ambitious target. This would represent a strong continuation of the bullish trend and a potential for higher returns.
Indicators to Watch:
RSI (Relative Strength Index): Monitor for overbought conditions.
MACD (Moving Average Convergence Divergence): Watch for crossovers to confirm momentum shifts.
Bollinger Bands: These can help signal whether the price is overextended or likely to revert.
Conclusion: With strong volume and bullish momentum, TURBO is positioned well for short-term gains. Keep an eye on the resistance levels and set your targets accordingly, while ensuring proper risk management.
