$TROY $TROY
TROY/USDT Analysis: A Bearish Trend Continues
The $TROY USDT pair has been experiencing a significant downward trend, with the price falling below the crucial support level of 0.002778. This indicates a strong bearish momentum.
Support and Resistance:
* Support: The current support level is at 0.002778, which has been broken. However, the price may find temporary support at lower levels like 0.002729.
* Resistance: The immediate resistance level is at 0.003070, which has been acting as a strong resistance barrier.
Entry Strategy:
Bearish: For those who believe the bearish trend will continue, a short position could be considered below the current support level of 0.002778 with a stop-loss above the recent high around 0.003070.
Bullish: A bullish entry could be considered if the price manages to break above the resistance level of 0.003070 with a stop-loss below the recent low.
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