TURBO has been trading inside a long-term descending channel, but recent price action is starting to show a structural shift.
After forming a rounded base near the channel lows, price created an ascending structure with higher lows and is now pressing against the key resistance zone around 0.00115 – 0.00120.
What’s happening:
Bullish accumulation forming near the bottom of the channel
Higher lows continue to build pressure
Price attempting breakout from short-term ascending triangle structure
The major level to watch is 0.00146 resistance. A breakout above that zone could trigger strong momentum expansion.
Bullish scenario:
If buyers hold the ascending support and break above 0.00146, TURBO could accelerate quickly toward 0.0020 – 0.0029.
Bearish scenario:
Failure to hold the current structure may lead to a retest of the 0.00088 support zone and potentially continuation inside the broader downtrend channel.
Right now, TURBO is sitting at a compression point where volatility expansion looks close, and the structure is leaning bullish while support continues to hold.
After forming a rounded base near the channel lows, price created an ascending structure with higher lows and is now pressing against the key resistance zone around 0.00115 – 0.00120.
What’s happening:
Bullish accumulation forming near the bottom of the channel
Higher lows continue to build pressure
Price attempting breakout from short-term ascending triangle structure
The major level to watch is 0.00146 resistance. A breakout above that zone could trigger strong momentum expansion.
Bullish scenario:
If buyers hold the ascending support and break above 0.00146, TURBO could accelerate quickly toward 0.0020 – 0.0029.
Bearish scenario:
Failure to hold the current structure may lead to a retest of the 0.00088 support zone and potentially continuation inside the broader downtrend channel.
Right now, TURBO is sitting at a compression point where volatility expansion looks close, and the structure is leaning bullish while support continues to hold.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.