$TROY experienced a 42.40% drop in 24 hours, falling from $0.008125 to $0.003568. The price drop triggered $5.26M in #TROY liquidations, current price is $0.004653, indicating extreme bearish sentiment.
Key Support & Resistance Zones 📏
➡️ Support Zone: Around $0.0035 (recent low).
➡️ Resistance Zone: At $0.0063 (previous consolidation zone).
➡️ If the price drops below $0.0035, the next support could be around $0.0022 (historical low).
Indicators Overview🛠
➡️ RSI at 38: Neutral to slightly bearish.
➡️ MACD Diverging: Weakened trend, potential shift.
➡️ Negative Histogram (-0.000306): Bearish momentum, the potential for further decline.
Suggested Strategy 🎯
🔸For Bulls: Wait for confirmation of a bounce above $0.005.
🔸For Bears: Look for short opportunities below $0.0035.