Hey traders! 👋
TURBOUSDT has been catching some serious attention lately, and for good reason. After a sharp rally, it’s now forming one of the most powerful bullish continuation patterns out there — an ascending triangle.
Let’s take a closer look at what’s happening here 👇
📐 Technical Structure: Ascending Triangle
The chart clearly shows higher lows pressing against a horizontal resistance — a classic ascending triangle. This often signals that buyers are building pressure and a breakout could be around the corner.
Key Observations:
Flat Resistance: Around the 0.00629 area. Price has tapped it multiple times, showing strong supply.
Rising Support Trendline: Buyers are stepping in at higher levels, tightening the range.
Volume: There's a noticeable increase in volume near the resistance, which could fuel the breakout.
🎯 Target Levels if Breakout Occurs
If price breaks above the horizontal resistance with strong momentum, here are the potential targets based on recent structure and extension zones:
TP1: 0.008846
TP2: 0.010783
TP3: 0.013338
TP4 (Stretch Target): 0.014000
Each level aligns with key psychological or historical resistance zones.
⚠️ What Could Go Wrong?
Not every triangle breaks upward — here's what to watch for:
False Breakouts: A wick above the resistance without follow-through could be a trap.
Break of Ascending Trendline: If price falls below the rising support, this could invalidate the pattern and trigger a deeper pullback.
Volume Drops: Weak volume during breakout attempts often signals a lack of conviction.
🛠️ How to Approach This Trade
Wait for Confirmation: Look for a candle close above 0.00629 with increased volume.
Manage Risk: Set a stop-loss just below the ascending trendline or recent swing low.
Scale Out: Take partial profits at each target level to lock in gains.
📌 Final Thoughts
TURBO is gearing up for a potential explosive move. Whether it breaks out or fakes out, this pattern is one to watch closely. Keep alerts on the breakout zone and be ready for action — but as always, protect your capital first.
📢 Do you think it’ll explode from here, or is this another bull trap? Let me know in the comments below and share your own analysis!
TURBOUSDT has been catching some serious attention lately, and for good reason. After a sharp rally, it’s now forming one of the most powerful bullish continuation patterns out there — an ascending triangle.
Let’s take a closer look at what’s happening here 👇
📐 Technical Structure: Ascending Triangle
The chart clearly shows higher lows pressing against a horizontal resistance — a classic ascending triangle. This often signals that buyers are building pressure and a breakout could be around the corner.
Key Observations:
Flat Resistance: Around the 0.00629 area. Price has tapped it multiple times, showing strong supply.
Rising Support Trendline: Buyers are stepping in at higher levels, tightening the range.
Volume: There's a noticeable increase in volume near the resistance, which could fuel the breakout.
🎯 Target Levels if Breakout Occurs
If price breaks above the horizontal resistance with strong momentum, here are the potential targets based on recent structure and extension zones:
TP1: 0.008846
TP2: 0.010783
TP3: 0.013338
TP4 (Stretch Target): 0.014000
Each level aligns with key psychological or historical resistance zones.
⚠️ What Could Go Wrong?
Not every triangle breaks upward — here's what to watch for:
False Breakouts: A wick above the resistance without follow-through could be a trap.
Break of Ascending Trendline: If price falls below the rising support, this could invalidate the pattern and trigger a deeper pullback.
Volume Drops: Weak volume during breakout attempts often signals a lack of conviction.
🛠️ How to Approach This Trade
Wait for Confirmation: Look for a candle close above 0.00629 with increased volume.
Manage Risk: Set a stop-loss just below the ascending trendline or recent swing low.
Scale Out: Take partial profits at each target level to lock in gains.
📌 Final Thoughts
TURBO is gearing up for a potential explosive move. Whether it breaks out or fakes out, this pattern is one to watch closely. Keep alerts on the breakout zone and be ready for action — but as always, protect your capital first.
📢 Do you think it’ll explode from here, or is this another bull trap? Let me know in the comments below and share your own analysis!
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.
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.