USDTTRY
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#USDT /TRY BEARISH PRESSURE BUILDING – SHORT-TERM DROP EXPECTED!
The chart shows a sharp bearish candle that broke below the previous support around 38.58, with a quick wick down to 38.54 before attempting a weak recovery. This suggests selling pressure is dominating in the short term, and unless a strong bullish candle closes above 38.60, the pair could face further downside.
Trade Setup (Short):
Entry: 38.59
Take Profit: 38.52 / 38.48
Stop Loss: 38.63
Market Outlook:
The pair is losing momentum after testing intraday highs, and the weak bounce hints at more downside potential. Bears are in control unless buying volume increases significantly.
Pro Tip: Always wait for candle confirmation before entering on shorter timeframes.
#ForexTrading #USDTTRY #BearishTrend #ShortSignal
The chart shows a sharp bearish candle that broke below the previous support around 38.58, with a quick wick down to 38.54 before attempting a weak recovery. This suggests selling pressure is dominating in the short term, and unless a strong bullish candle closes above 38.60, the pair could face further downside.
Trade Setup (Short):
Entry: 38.59
Take Profit: 38.52 / 38.48
Stop Loss: 38.63
Market Outlook:
The pair is losing momentum after testing intraday highs, and the weak bounce hints at more downside potential. Bears are in control unless buying volume increases significantly.
Pro Tip: Always wait for candle confirmation before entering on shorter timeframes.
#ForexTrading #USDTTRY #BearishTrend #ShortSignal
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