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【$TURBO Signal】Pullback Long + 1H Level Retest Confirmation
$TURBO After experiencing a violent rally of nearly 30% yesterday, (1H level is currently in a healthy consolidation phase with shrinking volume. Price is finding support near the 1H EMA20 moving average, and RSI has retreated from overbought territory into a healthy zone, which is a typical strong coin retest and accumulation structure. Looking at the 4H level, price has stabilized above key moving averages, and open interest remains stable, indicating that major players have not left but are rather switching positions at high levels. Currently, the order book shows exceptionally thick buy-side depth, far exceeding the sell side, indicating strong underlying support intention.
🎯Direction: Long
⚡Entry/Pending Order: 0.0010945 - 0.0011000
🛑Stop Loss: 0.0010725
🚀Target 1: 0.0011690
🚀Target 2: 0.0012370
🛡️Trade Management:
- Execution Strategy: After price reaches Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If price breaks through Target 1 strongly and stabilizes, the remaining position stop loss can be trailed, targeting Target 2.
) Deep Logic: The funding rate shows significant negative values. Combined with price resilience and stable open interest, this is a typical short squeeze structure where bears are paying high costs. The 1H RSI has retreated from its high of 73 to 63, releasing overheating risk and providing space for the next rally. Order book data shows buy-side pending order volume far exceeds sell side with severe depth imbalance, implying that large capital is actively setting traps below with tremendous downside resistance. $TURBO
View Real-time Chart 👇 $BTC
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