Turbousdt trade idea
Updated
TURBOUSDT has made a significant move following a breakout from a cup and handle formation. This classic bullish pattern indicates strong potential for upward momentum. The price is currently approaching the final target of this setup, which corresponds to the height of the cup.
We anticipate that this level will serve as a strong supply zone, where a price correction is likely to occur. We should be prepared for this potential correction and look to the handle level, as shown on the chart, for immediate support.
This handle level is expected to act as a key area for immediate buy back zone, potentially providing a favorable entry point for those looking to capitalize on the next phase of the trend. Careful monitoring of price action around these critical levels will be essential for effective trading decisions.
We anticipate that this level will serve as a strong supply zone, where a price correction is likely to occur. We should be prepared for this potential correction and look to the handle level, as shown on the chart, for immediate support.
This handle level is expected to act as a key area for immediate buy back zone, potentially providing a favorable entry point for those looking to capitalize on the next phase of the trend. Careful monitoring of price action around these critical levels will be essential for effective trading decisions.
Trade active
A good re-test on handle target which acting as our immediate support and demand area will be interesting.Trade active
complete re-test is done.Trade active
Price going as expected.Trade active
The accumulation in progressTrade active
In our last update, we discussed accumulation, and the coin has since broken through key levels. Now, our focus shifts to the newly identified buy-back zone, which offers further buying opportunities.
Note
Going as expected.
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