To decide whether to enter a Long (buy) position or not, further analysis of several factors based on the chart is needed:

1. Candlestick patterns: Consider recent candlestick patterns to see if there are reversal signals or if the uptrend is continuing.

2. Trading volume: A strong increase in volume recently may be a positive sign, but you also need to pay attention to the volatility of the volume to determine if the trend is strong enough to continue.

3. MA (Moving Averages) lines: The MA(7) line (yellow) is above the MA(25) line (pink), indicating that the short-term trend may be bullish. However, if the MA(7) starts to move below the MA(25), it could be a weak signal.

4. Other technical indicators: You may consider other indicators such as RSI (Relative Strength Index) or MACD to check if the market is in overbought or oversold territory.

5. Resistance and support: The recent price level is 0.004512, with a peak near 0.004741. If the price breaks above 0.004741 with strong volume, it could be a good signal for a Long position. However, if the price does not break this resistance, you should be cautious.

In summary: The short-term trend seems to be bullish, but you should wait for confirmation of breaking the resistance at 0.004741 before entering a Long position. #TROYUSDT $TROY