Here's a detailed technical analysis of the $RED
/TRY trading pair:
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📌 Market Snapshot – RED/TRY
Current Price: ₺11.45
≈ $0.2860 USD
24h Change: +6.12% ✅ (Strong short-term momentum)
24h High: ₺11.50
24h Low: ₺10.66
24h Volume:
RED: 600,329.60
TRY: ₺6.73M
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📊 Order Book Depth
Resistance Levels Support Levels
₺11.55 ₺11.34
₺11.50 (24h high) ₺11.14
₺10.93
₺10.73
₺10.57
₺10.52 (MA support)
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📈 Volume & Moving Averages
Current Volume: 9,469.9
MA(5): 16,293.6
MA(10): 18,984.0
🔍 Insight:
Volume is below average, suggesting less confirmation of the price move.
Still, the price is pressing near daily highs, indicating bullish pressure is intact.
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📉 Momentum & Risk Analysis
Price is testing major resistance at ₺11.50–₺11.55.
If rejected here, watch for a pullback to the ₺11.14–₺10.93 zone.
As long as price stays above MA(10) ₺10.52, uptrend remains structurally intact.
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✅ Trading Strategy Outlook
Scenario Strategy
🔼 Break above ₺11.55 Potential rally to ₺12.00+ with momentum
🔄 Consolidation ₺11.14–₺11.50 Ideal for short-term range scalping
🔻 Drop below ₺10.93/₺10.52 Trend breakdown – shift to defensive mode
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