A crypto investor known as BTC12 Capital, also known as leishen.eth, experienced a significant loss after selling the cryptocurrency $TURBO too early, missing out on a potential profit of over $4 million if the investment had been held longer.
On May 7, 2023, BTC12 Capital, using the pseudonym leishen.eth, made a substantial investment of around $1.14 million in the cryptocurrency $TURBO. However, the decision to sell just five days later resulted in a massive loss of $658,000, representing a 58% decrease from the initial investment.
In a tweet, Lookonchain highlighted the situation, urging traders not to be “paper hands” when it comes to trading. If BTC12 Capital had held onto the investment until the current date, the profit could have exceeded $4 million.
Analyzing the current performance of $TURBO, the charts show a notable uptrend in the price of the meme coin, with an increase in green candlesticks indicating positive movement. The price recently hit a high of approximately 0.0095 USDT, surpassing the upper limit of the Bollinger Bands and suggesting a strong upward trend. The price is currently above the middle band (the 20 SMA) and the upper band, indicating a bullish market in the short term.
On the technical side, the Average Directional Index (ADX) is at a high value of 64.90, indicating a powerful trend. An ADX above 25 typically signifies a strong trend, with values above 50 indicating a particularly robust trend, supporting the observation of the strong bullish momentum in $TURBO. Additionally, the Awesome Oscillator (AO) shows increasing green bars, reflecting a growing bullish momentum. The positive values confirm that the short-term period is trending higher than the long-term period, reinforcing the strength of the current uptrend.