Based on the fundamental fact that Turkish economy is managed by wrong decisions, bad monetary policies and insufficient interest rate for Turkish lira, both scenarios look pretty possible to me. Not financial advice. ;)
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Broke below my strong support at 8,28 and testing the local down. I think this is a good buying opportunity. Looks bullish unless it closes below 8,22. Even in that case 8,18 is my ultimate bounce-back level. Breaking below 8,18 can function as S/L level for many leveraged positions. So be careful about it...
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Rising back to my 2nd scenario. Tomorrow is going to be important for confirmation. My latest USDT TRY chart is right on the spot. I expect USD/TRY to follow it in upcoming days...
I really wonder what my country will do after USD hits above 8,60 liras. They don't want a strong lira i guess.. I hate them and longed USDTRY myself today..
CryptoViberG
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@euyantr, Yes, they don't want a strong lira as well so I expect them to act late again causing a new crisis. Longing sounds reasonable ın this climate...