#banana

🚀 BANANA/TRY Analysis: Support, Resistance, and Entry Strategy

📈 Overview:
The BANANA/TRY trading pair has seen recent volatility. Let's break down the key levels and formulate an entry strategy:

1. Support Levels:
Previous Support: Around 1,427.85 TRY.
Current Support: Approximately 1,505 TRY.
Analysis: The price tends to find support near these levels, making them crucial for traders.

2.Resistance Levels:
Previous Resistance: About 1,672 TRY.
Current Resistance: Around 1,645 TRY.
Analysis: Resistance levels act as barriers to upward movement. Watch for breakouts above these levels.

3. Entry Strategy:
Long Position:
Entry Point: Consider entering long if the price breaks above 1,645 TRY.
Target: Aim for 1,800 TRY or higher.
Stop Loss: Set a stop loss below 1,505 TRY.
Short Position:
Entry Point: If the price drops below 1,505 TRY, consider shorting.
Target: Target 1,400 TRY or lower.
Stop Loss: Set a stop loss above 1,645 TRY.

🔍 Current Price: 1,505 TRY
🔗 Previous Price: 1,427.85 TRY

:Remember, always manage risk and stay informed about market developments. Happy trading! 🌟

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