๐Ÿ“‰ $STRAX

/TRY BEARISH SETUP โ€“ FADING MOMENTUM NEAR RESISTANCE

$STRAX/TRY is trading at 1.982 TRY, up +5.54%, but showing signs of weakening after hitting the 2.169 TRY resistance area. The rally is losing steam, and volume is softening. A break below 1.947 could trigger a deeper correction.

๐Ÿ”‘ Key Levels

Resistance: 2.027 โ€“ 2.188

Support: 1.947 (immediate), then 1.867

Current Price: 1.982 TRY

๐Ÿ“Š Trade Setup (Short):

Entry Zone: 1.980 โ€“ 2.027

Take Profit 1: 1.867

Take Profit 2: 1.786

Stop Loss: 2.200

๐Ÿ’ก Short Market Outlook:

After peaking at 2.169, STRAX is pulling back with lower highs forming, suggesting sellers are stepping in. The MA(5) is sloping down while MA(10) remains above, confirming short-term pressure. Watch for a clean break of 1.947 to confirm downside.

โš ๏ธ Risk Management:

Risk max 2โ€“3% of your portfolio

Use 2.200 as a stop to protect from a breakout fake

Enter only on volume-backed breakdown below 1.947

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