From the chart you provided for $TROY /USDT, here's an analysis and possible trading plan:
Key Observations:
1. Current Price: 0.006180
2. 24h High: 0.006379
24h Low: 0.004901
Volume: 6.66B TROY or 37.98M USDT
3. Indicators:
EMA (7): 0.006131 (price is slightly above this, showing strength).
EMA (25): 0.005830
EMA (99): 0.005490
Wm%R(14): -22.82 (shows it is slightly overbought but still trending strong).
Analysis:
The price has broken above all major EMAs, indicating bullish momentum.
The MACD line is above the signal line (bullish signal), but the histogram is flattening, suggesting momentum is slowing slightly.
Volume is high, confirming strong interest in this move.
Suggested Trading Plan:
Buy Zone:
Entry Price: Between 0.0059 and 0.0060.
(Look for minor pullbacks to these levels for a safer entry).
Target Levels:
1. Target 1: 0.0064 (Previous high).
2. Target 2: 0.0068 (Potential next resistance based on recent momentum).
3. Target 3: 0.0072 (Long-term target if bullish momentum continues).
Stop-Loss:
Place a stop-loss at 0.0055.
(Below the 99 EMA for a safer exit if the trend reverses).
Risk Management Tips:
Only invest an amount you are willing to lose.
Use proper position sizing (e.g., 2% of your portfolio).
Monitor the MACD and RSI for signs of weakening momentum.
Conclusion:
If the price continues above the 7 EMA with strong volume, it’s a good sign for further upside. However, if the price falls below the 25 EMA, re-evaluate your trade.