Is TURBOUSDT Poised for a Bullish Breakout or Bearish Move?

6. Aug.

Yello, Paradisers! Is TURBOUSDT about to break out into a small bullish move, or are we looking at a potential reversal? Let's dive into the analysis to see what the charts are telling us!

💎TURBOUSDT is currently forming an inverse head and shoulders pattern, a classic bullish signal. This pattern, coupled with the recent bullish reversal indicators, significantly increases the likelihood of an upward move.

💎 If the candle closes above resistant zone, the probability of a bullish move increases.

💎 If there's a pullback, we can anticipate a bounce from support zone, but we need to watch for a Change of Character (CHoCH) towards a bullish market structure in the lower time frames. This would confirm the bullish outlook and set the stage for targeting the upcoming resistance levels.

💎If the candle closes below the support zone, it invalidates the bullish thesis.

💎Given the current market uncertainty, I recommend using smaller positions than usual. This cautious approach will help manage risk effectively.

If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.

MyCryptoParadise
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