Which route for Turbo?
Where to next for Turbo toad?
Green: $0.0035-$0.005. Short lived consolidation zone.
White: circa 75% drop from ATH to the 0.786, entirely possible for a meme coin even during a bullish period. Also Turbo has found support near the 0.786 after previous sustained positive moves.
Red: descend at previous bearish angle of descent, and finds support at the logarithmic support line which it has done before (+ confluence with previous ATH region). I think a price drop of 85%, post halving, might be pretty disastrous for momentum, especially with a saturated meme market.
Blue: confluence between log support trend-line and 0.786. It has done this before (at least near to support line), but this would be very protracted move in this occasion.
All potential hypothetical DCA zones (i'm happy with my bag and wont be buying more),with increasing buy-ins as price descends, however I would be cautious if red plays out.
Green: $0.0035-$0.005. Short lived consolidation zone.
White: circa 75% drop from ATH to the 0.786, entirely possible for a meme coin even during a bullish period. Also Turbo has found support near the 0.786 after previous sustained positive moves.
Red: descend at previous bearish angle of descent, and finds support at the logarithmic support line which it has done before (+ confluence with previous ATH region). I think a price drop of 85%, post halving, might be pretty disastrous for momentum, especially with a saturated meme market.
Blue: confluence between log support trend-line and 0.786. It has done this before (at least near to support line), but this would be very protracted move in this occasion.
All potential hypothetical DCA zones (i'm happy with my bag and wont be buying more),with increasing buy-ins as price descends, however I would be cautious if red plays out.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.