TURBOUSDT: Breakout Incoming or Another Fakeout?
Hey traders! Today we’re watching BINANCE: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?
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🔑 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!
