$TROY
/USDT:Dip Move Confirm Ready For Next Move 💫 💯
Technical Snapshot:
Current Price: 0.004340 (down 6.77% in 24h, slight recovery of +0.56% on the 30-minute chart)
24h High: 0.004738
24h Low: 0.004225
Volume: 10.52B TROY, 46.93M USDT
Trend: Bearish with minor consolidation near support.
Support & Resistance:
Support: 0.004300 (near-term support), 0.004225 (24h low)
Resistance: 0.004400 (immediate resistance), 0.004550 (key zone), 0.004738 (24h high)
Trade Strategy:
1. Bullish Entry:
Trigger: If the price breaks above 0.004400
Targets: 🎯0.004500 | 🎯0.004650 | 🎯0.004750
Stop Loss: 0.004250 (below support)
2. Bearish Entry:
Trigger: If the price falls below 0.004225
Targets: 🎯0.004100 | 🎯0.004000 | 🎯0.003900
Stop Loss: 0.004400 (above resistance)
Indicators to Watch:
RSI: Check if oversold conditions indicate a potential rebound near 0.004225.
MACD: Look for bullish or bearish crossovers to confirm trend changes.
Volume: Increased volume near breakout/breakdown levels will strengthen trade confidence.
Conclusion:
Bullish Outlook: A breakout above 0.004400 could indicate recovery toward the 24h high, supported by momentum.
Bearish Outlook: A breakdown below 0.004225 suggests continued downside pressure toward lower support levels.
Trade with caution and validate with volume and price action!