🔴 $RED

/TRY – Bullish Momentum with Resistance Ahead

Current Price: ₺11.41

USD Equivalent: ~$0.2863

24h Change: +6.24%

Metric Value

24h High: ₺12.15

24h Low: ₺10.72

24h Volume (RED): 2.46M

24h Volume (TRY): ₺28.67M

Depth Vol: 35,264.5

MA(5): 53,892.2

MA(10): 94,609.2

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📊 Market Overview

Trend: Short-term bullish, breaking out from consolidation

Support Zone: ₺10.60 – ₺10.90

Resistance Zone: ₺11.90 – ₺12.15

Momentum: Increasing — strong daily candle, holding near mid-range

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🧮 Order Book Depth Zones

Price Level Significance

₺12.15 – ₺12.23 Key resistance block – potential breakout target

₺11.90 – ₺11.58 Resistance-flip area (watch for pullback/retest)

₺11.41 (Current) Holding above previous highs – bullish signal

₺10.94 – ₺10.61 Demand zone / trailing stop area

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📈 Technical Analysis

MA(5) < MA(10) → Still slightly lagging, but narrowing — indicating momentum shift upward

Volume is recovering — increased interest after touching ₺10.7 support

Depth favors bulls near ₺11.3+ levels, but risk increases above ₺12

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📌 Trading Strategy

✅ Bias: Bullish

⚠️ Note: Upside momentum strong, but RSI likely near overbought

Action Price Zone Comment

Buy on retrace ₺11.00–₺11.20 Safer entry if pullback occurs

Breakout Entry ₺12.16+ If volume confirms breakout

Target ₺12.50–₺13.00 First resistance band

Stop-loss Below ₺10.70 Break below structure invalidates bullish setup

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