Hey traders! Today we’re watching
TURBOUSDT.P The price is consolidating around 0.0084450 USDT, testing a key resistance level. We’re seeing a classic ascending triangle forming — a textbook pattern before a big move. Will we see a breakout, or is this just another fakeout?---
🔑 Key Levels:
Support:
- 0.0082000 USDT — a key level where buyers could step in again.
- 0.0080000 USDT — the last line of defense before a potential drop.
Resistance:
- 0.0087261 USDT — the first barrier keeping price in check.
- 0.0087928 USDT — the final line before a potential surge.
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🚩 Trading Strategy:
Entry Point:
- Long entry on a confirmed breakout above 0.0087261 USDT with volume confirmation.
Stop-Loss:
- Place a stop below 0.0082000 USDT to avoid unnecessary drawdowns.
Take-Profit Targets:
- 0.0087928 USDT — the first level to lock in some profits.
- 0.0090000 USDT — a target in case of a strong impulse.
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📈 Technical Analysis:
- An ascending triangle is forming, signaling potential accumulation.
- Increasing volume near resistance indicates strong buyer interest.
- If the breakout fails, we may see a retest of support before another attempt.
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💡 Conclusion:
This setup looks promising, but confirmation is key. What do you think? Seeing order book liquidity or potential rejection signs? Let’s discuss in the comments!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.