đ IO/TRY Trading Analysis: Support, Resistance, and Entry Strategy
Current Price: 52.36 TRY
Previous Price: 54.84 TRY
1. Support Level (S): The current price near 52.36 TRY acts as a support level. Buyers are likely to step in here, preventing further decline.
2. Resistance Level (R)**: The previous high at 54.84 TRY serves as resistance. If IO/TRY breaks above this level, it could signal a bullish trend continuation.
3. Entry Strategy:
Buy Entry: Consider buying if IO/TRY bounces off the support (S) or breaks above the resistance (R).
Sell Entry: Look for selling opportunities if IO/TRY fails to break resistance or breaks below support.
:Remember to manage risk by setting stop-loss orders and adjusting your position size based on market volatility. Happy trading! đđ„
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