{"id":431427,"date":"2024-10-10T06:30:41","date_gmt":"2024-10-10T01:00:41","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=431427"},"modified":"2024-10-09T16:32:31","modified_gmt":"2024-10-09T11:02:31","slug":"turbo-crypto-gains-49-in-3-days-minor-dip-next","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/turbo-crypto-gains-49-in-3-days-minor-dip-next\/","title":{"rendered":"Turbo crypto gains 49% in 3 days &#8211; Minor dip next?"},"content":{"rendered":"<ul>\n<li><em>The quick gains since last Saturday occurred on sizeable demand.<\/em><\/li>\n<li><em>Liquidation levels highlighted a potential range formation around $0.007.<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/turbo-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Turbo [TURBO]<\/a> was quick to recover from the slump it saw in early October. Last weekend, after flipping the $0.005 level to support, TURBO rocketed higher to reach the $0.0074 resistance level.<\/p>\n<p>This represented a 49.2% price move in three days before the minor dip of the past few hours.<\/p>\n<p>Earlier on the day of writing, Turbo crypto bulls attempted to flip the $0.0075 level to support. The high trading volume session ended in failure for the bulls.<\/p>\n<h2>Is the recent selling pressure an early reversal sign?<\/h2>\n<figure id=\"attachment_431469\" aria-describedby=\"caption-attachment-431469\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price.png\"><img decoding=\"async\" class=\"size-full wp-image-431469\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price.png\" alt=\"TURBO 4-hour Chart\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-price-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-431469\" class=\"wp-caption-text\">Source: TURBO\/USDT on TradingView<\/figcaption><\/figure>\n<p>The price action on the 4-hour chart was strongly bullish, and key resistance levels such as $0.006 and $0.0065 have been converted into demand zones. The Awesome Oscillator histogram showed firm bullish momentum.<\/p>\n<p>In the past three days, Turbo crypto bulls have hardly taken a break from driving prices higher. This changed in the past 24 hours.<\/p>\n<p>The large candle wick to the upside showed rejection beyond the $0.0074 level. The selling volume of the past two days saw the accumulation\/distribution indicator fall lower to signal increased selling pressure.<\/p>\n<p>Swing traders can use these clues and wait for a deeper TURBO dip. The $0.0065 and $0.00689 levels can offer a buying opportunity in the event of a retest.<\/p>\n<p>Further north, the 61.8% and 100% extension levels at $0.00825 and $0.009 respectively would be the bullish targets for October.<\/p>\n<h2>Liquidity pockets around TURBO prices<\/h2>\n<figure id=\"attachment_431468\" aria-describedby=\"caption-attachment-431468\" style=\"width: 1463px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap.png\"><img decoding=\"async\" class=\"size-full wp-image-431468\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap.png\" alt=\"Turbo Liquidation Heatmap\" width=\"1463\" height=\"820\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap.png 1463w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap-1024x574.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-TURBO-liq-heatmap-1200x673.png 1200w\" sizes=\"(max-width: 1463px) 100vw, 1463px\" \/><\/a><figcaption id=\"caption-attachment-431468\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMapNew\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a><\/figcaption><\/figure>\n<p>The volatility in the early hours of Wednesday marked out two levels where liquidation levels have built up. These were the $0.00689 and $0.00786 levels.<\/p>\n<p>It is likely that a sweep of either level would see a short-term trend reversal.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/turbo-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Turbo&#8217;s [TURBO] Price Prediction<\/a> 2024-25<\/p>\n<hr \/>\n<p>This reversal would be because prices are attracted to liquidity. Both of the mentioned liquidity pools are attractive in the lower timeframes. A retest of $0.00689 would present a buying opportunity.<\/p>\n<p>A move toward $0.00786 might see a sustained rally, and traders should not be overeager to short the token at that liquidity cluster.<\/p>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The large candle wick to the upside showed rejection beyond the $0.0074 level.<\/p>\n","protected":false},"author":57,"featured_media":431489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[6427],"class_list":["post-431427","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Turbo crypto gains 49% in 3 days - Minor dip next? 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