Here’s a technical and market overview for $FORM
/TRY
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📊 FORM/TRY Market Snapshot
Metric Value
Current Price 114.89 TRY (▲ +4.35%)
USD Equivalent ~$2.88
24h High / Low 118.90 / 110.04
24h Volume (FORM) 86,791.00
24h Volume (TRY) 10.00M TRY
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📉 Technical Summary
Support / Resistance Price (TRY)
Resistance 1 118.90
Resistance 2 119.40 (Depth top)
Support 1 114.89 (current price)
Support 2 110.04
Key Support Zone 108.52 – 110.70
Indicator Value
Volume 44.5
MA(5) 634.5
MA(10) 779.9
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🔍 Observations
Price is near resistance (118.90) and may face selling pressure unless volume increases.
Recent volume is relatively low (44.5) compared to moving average volume levels, suggesting a weak breakout attempt.
The gap between the price and MA values suggests a recent spike rather than sustained accumulation.
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🧭 Strategy Scenarios
🟢 Bullish Scenario:
Entry: On confirmation above 118.90
Targets: 119.40 → 122.00
Stop Loss: Below 114.00
Confirmation: Volume increase + breakout candle
🔴 Bearish Scenario:
Sell Trigger: Breakdown below 114.00
Targets: 110.70 → 108.50
Stop Loss: Above 118.90
Confirmation: Bearish engulfing candle or rejection at 118.90
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📌 Final Sentiment: Cautiously Bullish
Indicator Status
Trend Short-term Uptrend
Momentum Moderate
Volume Support Weak (needs follow-through)
Risk Level Medium
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