🔻 $SPELL
/TRY – BEARS EYE LOWER LEVELS AS MOMENTUM FADES
$SPELL/TRY is struggling to maintain upside traction, trading at 0.01793 TRY ($0.00044982), down -0.11%. The price has recently been rejected near 0.01882, forming a short-term lower high, with fading buying volume and pressure building under key intraday levels.
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🔑 Key Technical Levels
Resistance: 0.01830 – 0.01880
Support: 0.01765 (immediate), 0.01700 (major)
Current Price: 0.01793 TRY
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📉 Trade Setup (Short)
Entry Zone: 0.01790 – 0.01810
Take Profit 1: 0.01765
Take Profit 2: 0.01700
Stop Loss: 0.01885
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💡 Market Outlook
Price action is showing lower highs and sideways volume, suggesting bulls are losing steam.
A break below 0.01765 may trigger a fall to 0.01700, a strong historical support.
The MA(5) and MA(10) are flattening/sloping downward, confirming reduced upside momentum.
Expect volatility near support, but unless buyers reclaim 0.01880, downside risk dominates.
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⚠️ Risk Management
Limit exposure to 2-3% of portfolio per trade
Always respect stop-loss above resistance
Avoid trading before confirmation on the 15m or 1h candle close below 0.01765