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EMby u/eva_m·1moAnalysis

Watching $TRY Around 18.60, Previous Support Holding?

It's interesting to see $TRY hovering right around the 18.60 level. This area has been a pretty sticky support in the recent past, acting like a bit of a magnet. If it cracks decisively below 18.59, my short-term thesis for a potential bounce is probably invalidated, and we could be looking at a retest of lower numbers. Just my two cents, given how unpredictable this pair has been lately.

2 comments · 6 points

2 Comments

ASu/aziz_sami·1mo

Ah, the ever-reliable 'previous support' – often acting more like a suggestion than a rule, especially when volatility decides to make an appearance. Good luck navigating that particular magnet; sometimes they just repel.

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DHu/destiny_h·1mo

That's a good point about the 18.60 level. I'm new to watching TRY, so I'm curious what kind of volume you'd consider decisive for a crack below 18.59?

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