๐จ $VIC /TRY โ Oversold or Just Getting Started? ๐ฉธโ ๏ธ
$VIC just plunged -13.75% to 8.72 TRY after rejecting the 10.26 level. With RSI near 35 and trading below key MAs, is a bounce on the horizonโor is more downside coming?
๐ Market Overview
๐ Current Price: 8.72 TRY
๐ 24h High: 10.26
โ๏ธ 24h Low: 8.53
๐ MA(7): 8.74
๐ MA(25): 9.05
๐ MA(99): 9.13
๐ RSI (6): 35.80 (Bearish, near oversold)
๐ 24h Volume: 1.49M VIC (~13.72M TRY)
๐ Current Volume: 804.58 VIC (Weak buyer pressure)
๐ VIC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If VIC Holds Above 8.50):
Entry: Above 8.80
Targets: 9.30, 9.73, 10.17
Stop-Loss: 8.43
๐น Bearish Scenario (If VIC Breaks Below 8.50):
Entry: Below 8.50
Targets: 8.00, 7.40, 6.90
Stop-Loss: 9.00
๐ Should You Hold or Sell?
โ RSI nearing 30 = oversold bounce potential
โ Watch 8.50 supportโitโs critical for any bullish reversal
๐ซ Below MA(25) & MA(99) = downtrend pressure still dominant
๐ก Pro Tip:
๐ Bullish reversal may begin with strong bounce above 8.80 and rising volume
โ ๏ธ Low volume below 8.50 = likely continuation of the downtrend
๐ข Whatโs your plan with $VIC? Averaging down, waiting, or out? Comment below! ๐ง ๐
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