TURBO has formed an obvious double bottom pattern at the 0.0019 support level. In recent days, trading volume has surged significantly, and the breakout signal is becoming stronger. Looking at the RSI indicator, it has entered the strong zone, which usually indicates that the rebound momentum is building.
The price has tested this support level multiple times for a bottom, with each rebound gaining strength. This time, the trading volume has even surpassed previous levels. If it can effectively break through the previous high, the subsequent space is still worth期待. Of course, small-cap coins like this are highly volatile, and the risks should not be underestimated.
The current question is, will this truly be a signal of initiation? Or just another fleeting moment? From a technical perspective, all indicators are nodding in agreement, but the market is never short of surprises. What do you think about this trend?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
5
Repost
Share
Comment
0/400
RektCoaster
· 01-10 07:15
Double bottom, huh? I don't buy it. How many times has TURBO tricked me again and again?
Here we go again with the same routine: increased trading volume, strong RSI, indicators nodding, and then? A single large bearish candle ends it all.
Is this time really different? I remain skeptical, but I do feel a bit tempted.
If it can't break the previous high, it's a false breakout. No need to discuss further.
Small-cap coins are like this; I think the gambling aspect outweighs the technicals.
If you ask me, wait until there's a confirmed breakout. Right now, it's too early to call.
View OriginalReply0
CryptoMotivator
· 01-09 10:57
It's the same old story. Every time, they just nod at the indicators, but the rhythm of cutting leeks hasn't changed.
Honestly, I really can't tell if small coins can rise this time. Double bottoms are double bottoms, but I've seen too many false breakouts.
An increase in trading volume is a good sign, but be cautious of this kind of trap to attract more buyers.
View OriginalReply0
LadderToolGuy
· 01-09 00:51
Double bottoms can all be written like this, feels like every week is a new start
---
Trading volume has increased, but I've seen this broken coin TURBO too many times "this time really"
---
RSI entering the strong zone means it's time to buy? Bro, that logic is too common
---
Another story of breaking through previous highs, small coins always play out like this
---
Let's wait and see if it can really reach the previous high, it's still early to say anything now
---
My experience with these small coins is not to listen to technical analysis, but to listen to the wallet
View OriginalReply0
GraphGuru
· 01-09 00:46
Double bottom + volume increase, this combination is indeed tempting, but I bet five dollars it's a false breakout.
Bitcoin is going to fall, and all small coins will be sacrificed. Don't overthink it.
To be honest, I've played with TURBO before. Sometimes the monthly chart crashes, and other times it rebounds. It's really a mystery.
All indicators are giving the green light? Then be even more cautious; the most dangerous times often look the safest.
View OriginalReply0
RiddleMaster
· 01-09 00:25
It's the same double bottom volume explanation again, every time all indicators give the nod, and then what?
Honestly, small coins fluctuate three times a day; by the time you react, they've already been halved.
It's really hard to say if the 0.0019 support level is solid; the market doesn't care that much.
Daily RSI, breakout signals—why not see if big players are accumulating?
This time feels different... right? Or should we just keep watching?
If TURBO was really going to take off, it would have already. Stop messing around.
TURBO has formed an obvious double bottom pattern at the 0.0019 support level. In recent days, trading volume has surged significantly, and the breakout signal is becoming stronger. Looking at the RSI indicator, it has entered the strong zone, which usually indicates that the rebound momentum is building.
The price has tested this support level multiple times for a bottom, with each rebound gaining strength. This time, the trading volume has even surpassed previous levels. If it can effectively break through the previous high, the subsequent space is still worth期待. Of course, small-cap coins like this are highly volatile, and the risks should not be underestimated.
The current question is, will this truly be a signal of initiation? Or just another fleeting moment? From a technical perspective, all indicators are nodding in agreement, but the market is never short of surprises. What do you think about this trend?