A crypto investor known as BTC12 Capital, using the alias leishen.eth, suffered a substantial loss after selling the cryptocurrency $TURBO too early. This decision caused them to miss out on a significant profit, estimated to exceed $4 million if they had held onto the investment for a longer period of time.
On May 7, 2023, BTC12 Capital, operating under the pseudonym leishen.eth, made a significant investment of approximately $1.14 million in the cryptocurrency $TURBO. However, they made the unfortunate choice to sell just five days later, resulting in a staggering loss of $658,000. This marked a decrease of 58% from their initial investment.
This incident serves as a reminder to not be hasty in trading and to avoid being a “paper hand” investor who sells too quickly.
BTC12 Capital (leishen.eth) spent $1.14 million to purchase $TURBO on May 7, 2023, but sold it at a loss of $658,000, representing a 58% decrease, just five days later. If they had held onto the investment until today, they could have made more than $4 million.
In a recent update on Turbo’s price, it is evident from the charts that the meme coin has experienced a significant uptrend. This is indicated by the increasing green candlesticks. The price has recently reached a high of approximately 0.0095 USDT, surpassing the upper limit of the Bollinger Bands. This suggests a strong upward momentum in the market. Currently, the price is above the middle band (the 20 SMA) and the upper band, indicating a bullish market in the short term.
However, it is worth noting that the Average Directional Index (ADX) is currently at a high value of 64.90, signaling a powerful trend. An ADX above 25 generally indicates a strong trend, and values above 50 suggest an even stronger trend. This aligns with the observation of the strong bullish momentum in Turbo. Additionally, the Awesome Oscillator (AO) displays increasing green bars, reflecting a growing bullish momentum. The positive values indicate that the short-term period is trending higher than the long-term period, confirming the strength of the current uptrend.
