Here's a focused technical analysis of the $FORM
/TRY pair:
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📌 FORM/TRY Market Snapshot
Current Price: ₺115.01
≈ $2.87 USD
24h Change: +7.09% ✅ (Bullish momentum)
24h High: ₺116.94
24h Low: ₺107.34
24h Volume:
FORM: 76,820.40
TRY: ₺8.69M
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📊 Order Book Depth & Key Levels
🔼 Resistance Levels 🔽 Support Levels
₺117.47 (next resistance) ₺112.88 (light support)
₺116.94 (24h high) ₺110.59
₺108.30
₺106.53
₺106.00 (critical zone)
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📈 Volume & Moving Averages
Current Depth Volume: 333.7 (light)
MA(5): 3,851.0
MA(10): 5,930.4
📌 Interpretation:
The price is testing upper resistance at ₺116.94–₺117.47.
Moving averages suggest recent buying strength.
Price holding above ₺112.88 maintains short-term bullish bias.
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⚙️ Strategy Outlook
Scenario Suggested Action
🔼 Breakout above ₺117.5 Opens path to ₺122–₺125 zone
🔁 Range between ₺110–₺117 Suitable for swing trading
🔻 Drop below ₺106 Watch for reversal / correction
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✅ Summary
Momentum: Strong and bullish, with room to test resistance.
Watch zones:
Support: ₺110–₺112
Resistance: ₺117.5–₺120
Caution if price rejects near ₺117.5 with low volume.
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