📊 Full Analysis:
Currently, TURBO/USDT is trading at a very critical level. The chart shows price consistently being pressed down by the descending trendline (yellow), forming a Falling Wedge pattern—a structure that often signals a bullish reversal once broken to the upside.
At the same time, price is holding right above the historical demand zone 0.0033–0.0040 (yellow box), which has acted as strong accumulation and defended multiple downside attempts in the past. In other words, this zone is the last stand for the bulls to maintain the structure.
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🔹 Pattern & Key Levels
Falling Wedge:
Sellers are losing momentum as volatility compresses. Statistically, this pattern tends to break upward, especially when supported by strong demand zones.
Demand Zone 0.0033–0.0040:
Strong support, repeatedly tested, still holding as the main bullish defense line.
Major Resistances & Targets:
0.004865 → 0.006084 → 0.007245 → 0.009252 → 0.011490 → 0.013588 (close to High 0.014459).
Supports if Broken:
0.0030 → 0.0026 → 0.0021 → 0.0017 → 0.001360 (historical Low).
---
🟢 Bullish Scenario
1. Trigger: Breakout above the descending trendline with a 2D close > 0.0041 confirms wedge breakout.
2. Healthy Retest: Holding 0.0040–0.0041 as new support after breakout strengthens the bullish case.
3. Targets (scale-out strategy):
Minor: 0.004865 → 0.006084
Mid: 0.007245 → 0.009252
Major: 0.011490 → 0.013588
4. Invalidation: If price fails and closes back < 0.0039 after breakout (fakeout risk).
---
🔴 Bearish Scenario
1. Trigger: Breakdown with 2D close < 0.0033 confirms demand zone failure.
2. Downside Targets: 0.0030 → 0.0026 → 0.0021 → 0.0017 → 0.001360 (historical Low).
3. Invalidation: Bearish outlook invalidated if price reclaims and holds > 0.0041.
---
📌 Conclusion & Strategy
The chart highlights a critical battle between bulls and bears at a strong historical demand zone.
Bullish case: More attractive due to the Falling Wedge + solid support, but requires a confirmed breakout to validate.
Bearish case: Activated only if demand breaks down, opening doors for deeper continuation to historical lows.
Risk management is essential: use stops below demand (0.0033) if long, and scale out profits gradually at resistance levels.
#TURBO #TURBOUSDT #CryptoTA #TechnicalAnalysis #PriceAction #SupportResistance #FallingWedge #Breakout #Altcoins #RiskManagement #CryptoTrading
Currently, TURBO/USDT is trading at a very critical level. The chart shows price consistently being pressed down by the descending trendline (yellow), forming a Falling Wedge pattern—a structure that often signals a bullish reversal once broken to the upside.
At the same time, price is holding right above the historical demand zone 0.0033–0.0040 (yellow box), which has acted as strong accumulation and defended multiple downside attempts in the past. In other words, this zone is the last stand for the bulls to maintain the structure.
---
🔹 Pattern & Key Levels
Falling Wedge:
Sellers are losing momentum as volatility compresses. Statistically, this pattern tends to break upward, especially when supported by strong demand zones.
Demand Zone 0.0033–0.0040:
Strong support, repeatedly tested, still holding as the main bullish defense line.
Major Resistances & Targets:
0.004865 → 0.006084 → 0.007245 → 0.009252 → 0.011490 → 0.013588 (close to High 0.014459).
Supports if Broken:
0.0030 → 0.0026 → 0.0021 → 0.0017 → 0.001360 (historical Low).
---
🟢 Bullish Scenario
1. Trigger: Breakout above the descending trendline with a 2D close > 0.0041 confirms wedge breakout.
2. Healthy Retest: Holding 0.0040–0.0041 as new support after breakout strengthens the bullish case.
3. Targets (scale-out strategy):
Minor: 0.004865 → 0.006084
Mid: 0.007245 → 0.009252
Major: 0.011490 → 0.013588
4. Invalidation: If price fails and closes back < 0.0039 after breakout (fakeout risk).
---
🔴 Bearish Scenario
1. Trigger: Breakdown with 2D close < 0.0033 confirms demand zone failure.
2. Downside Targets: 0.0030 → 0.0026 → 0.0021 → 0.0017 → 0.001360 (historical Low).
3. Invalidation: Bearish outlook invalidated if price reclaims and holds > 0.0041.
---
📌 Conclusion & Strategy
The chart highlights a critical battle between bulls and bears at a strong historical demand zone.
Bullish case: More attractive due to the Falling Wedge + solid support, but requires a confirmed breakout to validate.
Bearish case: Activated only if demand breaks down, opening doors for deeper continuation to historical lows.
Risk management is essential: use stops below demand (0.0033) if long, and scale out profits gradually at resistance levels.
#TURBO #TURBOUSDT #CryptoTA #TechnicalAnalysis #PriceAction #SupportResistance #FallingWedge #Breakout #Altcoins #RiskManagement #CryptoTrading
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.