๐ $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.
๐ Key Levels
Resistance: 2.027 โ 2.188
Support: 1.947 (immediate), then 1.867
Current Price: 1.982 TRY
๐ Trade Setup (Short):
Entry Zone: 1.980 โ 2.027
Take Profit 1: 1.867
Take Profit 2: 1.786
Stop Loss: 2.200
๐ก 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.
โ ๏ธ Risk Management:
Risk max 2โ3% 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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