A crypto investor known as BTC12 Capital (leishen.eth) experienced a significant loss after selling the cryptocurrency $TURBO too early, missing out on a potential profit of over $4 million if they had held onto it for longer.
On May 7, 2023, BTC12 Capital, operating under the pseudonym leishen.eth, made a substantial investment of around $1.14 million in the cryptocurrency $TURBO. However, their decision to sell just five days later resulted in a staggering loss of $658,000, representing a 58% decrease from their initial investment.
The incident serves as a reminder to not be impulsive in trading and to avoid being a “paper hand” by prematurely selling investments. Had BTC12 Capital held onto their $TURBO investment until the present day, they would have made more than $4 million.
Looking at the current state of Turbo’s price, the charts reveal a significant upward trend, with increasing green candlesticks indicating positive momentum. Recently, the price reached a high of approximately 0.0095 USDT, surpassing the upper limit of the Bollinger Bands and signaling strong upward momentum. The price is currently above the middle band (the 20 Simple Moving Average) and the upper band, suggesting a bullish market in the short term.
Examining the technical indicators, the Average Directional Index (ADX) is at a high value of 64.90, indicating a powerful trend. ADX values above 25 generally represent a strong trend, and values above 50 suggest an even stronger trend. This supports the observation of the strong bullish momentum in Turbo. Additionally, the Awesome Oscillator (AO) displays increasing green bars, reflecting growing bullish momentum. The positive values indicate that the short-term period is trending higher than the long-term period, further confirming the strength of the current uptrend.
