🚀$TROY

TROY/USDT Technical Analysis: 3 Potential Targets 🎯

📊 Current Price: 0.003514 USDT (~Rs 0.980406)

📉 24h Change: -13.79%

Key Observations:

TROY/USDT has seen significant downward momentum, hitting a 24h low of 0.003447 USDT.

However, the strong trading volume (6.20B TROY) indicates active participation, which could lead to potential recovery.

Support & Resistance Levels:

Support Level: 0.003400 (If breached, it may test lower levels).

Resistance Levels:

1. 0.003800 (Minor resistance, indicating a short-term recovery target).

2. 0.004000 (Psychological resistance level).

3. 0.004200 (Major resistance, breaking this may lead to a bullish breakout).

🎯 Targets:

1. Target 1: 0.003800

Short-term traders can aim for this level based on minor resistance seen in previous price action.

2. Target 2: 0.004000

A psychological level, crossing this could attract more buying momentum.

3. Target 3: 0.004200

If bullish sentiment prevails, reaching this level may signal a trend reversal.

Technical Indicators:

MA(5): 167,888,088 signals short-term pressure.

MACD: Watching for a bullish crossover to confirm upward momentum.

BOLL Bands: Price nearing the lower band indicates a possible bounce.

Trading Strategy:

For Bulls: Accumulate at 0.003450–0.003500 with stop-loss at 0.003400. Targets: 0.003800, 0.004000.

For Bears: Wait for a breakdown below 0.003400 to aim for 0.003200.

#Binanc #TROY #Crypto #TechnicalAnalysis #CryptoTrading