$BAKE /TRY Breakdown or Bounce? Volatility Peaks as Bears Take Charge! ⚠️
BAKE is under fire today, dropping -9.14% to ₺3.58 as sellers push the limits. Will it reclaim momentum—or plunge further?
📊 24H Stats
🔼 High: ₺3.97
🔽 Low: ₺3.26
📉 Current Price: ₺3.58
📈 Volume: 5.65M (BAKE), 20.73M (TRY)
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📉 Price Action Overview
After a sharp spike to ₺3.94, BAKE faced brutal rejection and swiftly fell to a local low of ₺3.26. This flash dip was met with a decent recovery attempt, but the price is now hovering just below the MA(99) at ₺3.60, facing stiff resistance.
Moving Averages:
MA(7): ₺3.55 ✅
MA(25): ₺3.54 ✅
MA(99): ₺3.60 ❌ (Immediate Resistance)
BAKE is attempting a bullish crossover with the short-term MAs rising, but the 99-day MA continues to cap the upside.
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📍 Key Levels
Resistance: ₺3.60 → ₺3.94
Support: ₺3.53 → ₺3.26
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📈 Trade Ideas
🟢 LONG Setup (Break and Retest)
Entry: ₺3.60 (on breakout confirmation)
Target 1: ₺3.80
Target 2: ₺3.94
Stop Loss: ₺3.48
🔴 SHORT Setup (Rejection Play)
Entry: ₺3.57–₺3.58
Target 1: ₺3.45
Target 2: ₺3.30
Stop Loss: ₺3.63
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💡 Pro Tip: The spike to ₺3.94 was volume-driven. Keep an eye on sudden surges in volume—especially near ₺3.60. Fakeouts are common near long-term moving averages like MA(99), so wait for confirmation.
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🎯 What’s your move, traders — are you going long or short on BAKE? Let’s chart the next breakout together in the comments! 🔥📉
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