TURBOUSDT.PS trade ideas
TURBOUSD - Look for the Double TopPrice has reached the top of this curved channel and has broken above it.
Despite breaking above, I think price will still act bearishly, producing a double top, leading price back into the curved channel.
If the curved channel hodls its structure price could go higher. 4 Hr Chart.
$Turbo potential trading ideathis is not investment advice or an attempt to sell anything but rather a request for you all to share your thoughts via comments.
Since turbo is having spectacular drops(disproportionate to the markets drop) and has no use case do you think another massive drop is incoming?
please provide your outlook as well as you thought process behind it, "Turbo to the moon" like a zombie is not acceptable. explain your thoughts please.
TURBOUSDTHello traders hope you are enjoying our Analysis.
Now we are here again with a new trading opportunity ,we will discuss today about TURBOUSDT
smart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author
TURBO - ( Easy 5000 % This Bull Run ) Dont miss the chance ☑️Pair Name : TURBO/USDT
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
⌛ Key Technical / Direction ( Long ) / Spot Market
Type : Mid Term Swing
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Bullish Break
0.0064 Area
Main Entry Point / Spot
Target's
💵Phase 1
Target Range 400 %
💵Phase 2
Target Range 900 %
💵Phase 3
Target Range 1900 %
💵Phase 4
Target Range 3800 %
💵Phase 5
Target Range 7600 %
TurboTurbo is a meme coin created by AI that rose to fame just recently. Since there are few daily candles, no big-picture analysis can be done. But, in lower time frames, namely 1 hour, it seems a descending triangle pattern is forming. Let's see what happens next.
P.S. Be careful, meme-coins are risky to trade
Turbo Token: A GPT-4 Inspired Meme CoinThis structure looks like a cup and handle to me. I've indicated a key level of support and resistance with the blue lines.
Here are some tips for identifying a Cup & Handle pattern:
Cup Formation:
The pattern starts with a rounded bottom (the "cup") that resembles a "U" shape on the stock chart.
The left side of the cup shows a downtrend followed by a gradual bottoming out.
The right side of the cup shows a gradual uptrend, forming the other half of the "U" shape.
Handle Formation:
After the cup formation, there is a slight downward movement in the stock price, creating a smaller dip known as the "handle."
The handle is usually shorter in duration compared to the cup and has a downward-sloping or sideways trend.
Volume:
Volume tends to decrease during the formation of the handle, indicating a temporary decrease in trading activity.
Breakout:
The pattern is considered complete when the stock price breaks out above the resistance level formed by the top of the cup (often called the "lip").
This breakout is typically accompanied by an increase in volume, signaling potential bullish momentum.
To confirm a cup and handle pattern, traders often look for these characteristics and use technical indicators such as moving averages, relative strength index (RSI), and volume analysis. It's important to note that not all cup and handle patterns lead to significant price movements, so traders often combine pattern recognition with other analysis techniques for better decision-making.
Learn more about TURBO here => turbotoken.io
