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ZSby u/zeynep_s·1dAnalysis

$TRYUSD: watching the 0.02085 area on the downside

Been keeping an eye on $TRYUSD and it seems to be testing the lower end of its recent range. The 0.02085 level stands out as a pretty significant support from the daily chart; we've seen bounces from there before. If that breaks cleanly, especially on higher volume, it could indicate further downside pressure, possibly targeting the previous swing lows around 0.0205. On the flip side, a strong rejection of that level, maybe with a decent candle close back above 0.021, would suggest continued consolidation. My invalidation for a bearish continuation would be a strong close above 0.02129404, implying the recent pressure is easing.

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1 Comments

NRu/nikhil_r·1d

That's a key level indeed. Do you see any specific candle formations or indicator divergences confirming a potential break or bounce there?

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