$TROY /USDT Analysis: Technical Breakdown & Targets
Current Price: $0.005459 (-5.26% on the 30m chart)
Technical Analysis:
$TROY /USDT is trading near its support at $0.005403 (24h low) after a significant pullback.
Resistance at $0.005826 (24h high) will play a key role in determining the next direction.
Short-term consolidation is evident, hinting at a potential breakout in either direction.
3 Targets for TROY/USDT:
1. Target 1 (T1): $0.005600
Immediate resistance level that needs to be cleared for upward momentum.
2. Target 2 (T2): $0.005800
Resistance just below the 24h high.
A breakout here could confirm a bullish trend.
3. Target 3 (T3): $0.006000
Extended target based on Fibonacci extensions and potential recovery rally.
Actionable Advice:
Short-Term Traders: Look to secure partial profits at $0.005600 and move stop-loss to breakeven.
Long-Term Traders: Monitor for a breakout beyond $0.005800 for a potential move to $0.006000.
Stop Loss: Place below $0.005400 to minimize risk.