Technical analysis by sir_Cooley about Symbol TURBO: Sell recommendation (8/30/2024)

TURBO Chart 1WK: We have a negative divergence forming on the weekly time frame. If the current candle remains as a bearish engulfing candle by the close of this week (3 days), then it's going down to test the bottom of the channel and those lower wicks. Falling to the bottom of this channel would result in a -31%. Correction. If it breaks the channel lower, then it's going down -80% In a first ever "Utility Bull-Run," how will the meme coins hold up this time, with no utility? This could be like the FTX or Luna Crash 👀