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TURBOUST trade ideas

Crypto has no love for you my friend....... Crypto has no love for you my friend, she will chew you up and spit you out on the floor and laugh. You think you know her ? You don't. She will looking lovingly to the right at you, and then move quickly to the left, leaving you standing there with you pants down around you ankles as she laughs. You think you will get rich with her. You won't. She will drain you of your money and then leave you laying on the floor after she has kicked you in the groin several times, only to move on to her next lover. She sleeps only with one, and that is the Devil. Go ahead, invest heavily in this one. She will turn around soon and then take you to the moon for your honeymoon. Of course she will, you will dream of your trip with her, but did she tell you, there is no air on the moon. Why is she laughing ? Right now she is hungry my friend, very hungry and she lusts for only one thing and that is your liquidity and she will not be denied. Tonight deep in the forest we shall hear your screams and know this to be true. Good night.
by WMWToronto
TURBOUSDT - Time for a Retracement (SHORT)Hey Turbo traders! Turbo experienced a rapid surge within a single day and now it's time to analyze the next potential moves. Let's dive into the latest price action and what to expect next. Surge and Retest Rapid Surge: Turbo surged dramatically within one day, showcasing impressive bullish momentum. Retest of mOpen: After the surge, the price retested the mOpen, a key area of interest. Formation of a Head and Shoulders Pattern Head and Shoulders Pattern: It looks like Turbo is forming a Head and Shoulders pattern, a classic bearish reversal signal. Right Shoulder Formation: Now, we need to cool down and form the right shoulder of this pattern. Key Levels and Trading Strategy 1.) Short Trade Setup: Entry Point: We placed a short trade at the monthly open (mOpen) as it presents a great risk-to-reward (R:R ratio) Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level, around $0.0042. This level also coincides with a previous daily support level, making it a significant target. 2.) Support Area: Fib 0.382 Level: This level is where we expect the price to retrace and find support. 3.) Monitoring Volume and Price Action: Volume Trends: Monitor the volume closely. Decreasing volume during the retracement would support the formation of the right shoulder. Price Action: Watch for bullish signals and price action patterns that indicate a potential long trade opportunity after closing the short. Strategy: Executing the Short and Preparing for the Next Move Executing the Short: Enter the short trade at the monthly open with a TP at the Fib 0.382 level around $0.0042. Potential Long Trade: If we see bullish confirmation at the support area, it might be a good opportunity to open a new long trade. Keep an eye on the volume and price action for entry signals. What are your thoughts on this analysis? Are you in on the short trade and preparing for a long entry? Share your insights below!
Short
by SiDec
4
Alikze »» TURBO | 4H descending channel🔍 Technical analysis: Moving in the descending channel - The daily frame time is moving in an upstream channel. - But in the 4H frame time, there is a corrective form that is moving within a downtrend. - This correction can first touch the range of 0.003052 if it is below the supply area and can extend this correction to the middle of the channel if continued. 💎 Alternative scenario: Also, if it can break the 0.0061 area, it could form an upward flag pattern that can continue the uptrend and continue its growth channel as much as the channel supply. If the behavior and structure of the post will be updated, it will be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
3
And the bigger picGoing from memory now as I made this for you. The black Verticle lines are the lows. The blue verticle lines are the highs. The orange are the trending low for sequence, with the red the previous. The purple is the previous high. Um. I can't refer to the pic as I write this. I think I left the little black lines to show my 5 min chart analysis. I put two lines to show how low I think it could go before entering the next ATH, marked in blue. We should hit the lowest point of either yellow or orange (really, this is just a guess) around the last black mark before entering an upswing to ATH. Or at least a good upswing of magnitude. Hope this helps. Basically. Turbo is in a downtrend. Go with it. Look for entry in the continuation of the downtrend (pullbacks, local highs), take your profits and go again. Around the time of the black verticle line. Hodl. When you see a serious break in structure (before or after the black verticle), the uptrend has begun. Once this happens. Get in to the upside and hold on!
by WayneMounsey