🐻 $BANANA
/TRY BEARISH SETUP – RESISTANCE HOLDS, SELLERS RESURFACE
$BANANA/TRY is trading at 680 TRY ($17.05), showing a modest +1.34% gain. However, price action indicates a potential lower high rejection near 698, with momentum starting to fade as it tests key resistance levels. Volume remains light, and the MA(10) is flattening, suggesting a potential pause or reversal.
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🔑 Key Technical Levels
Resistance: 692 – 698
Support: 670 (immediate), then 660
Current Price: 680 TRY
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📉 Trade Setup (Short Position)
Entry Zone: 680 – 690
Take Profit 1: 670
Take Profit 2: 660
Stop Loss: 700
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💡 Market Outlook
Price has failed to hold above the 690–698 resistance zone multiple times. A decisive breakdown below 670 could trigger a sharper correction toward 660, especially if bearish volume builds. The flattening MA(5) and MA(10) moving averages are showing signs of trend exhaustion.
Volume has not supported further upside, which is a warning signal for bulls.
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⚠️ Risk Management
Risk only 2-3% of total capital per trade
Wait for a 1H or 4H candle close below 670 to confirm bearish momentum
Use stop-loss protection strictly to avoid surprise upside spikes
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