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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