$TROY /USDT is currently trading at 0.005206 on the 15-minute chart, reflecting a 28.93% gain within the past 24 hours.
However, the asset is experiencing a pullback from its 24-hour high of 0.005886, signaling a potential consolidation phase.
The RSI is currently at 21.12, indicating an oversold condition, which might suggest a potential for a rebound or further downward movement if selling pressure continues. Key resistance is positioned at 0.005500, which, if breached, could lead to renewed upward momentum.
On the downside, support is at 0.004800, serving as a possible level for stabilization. Traders considering entering could look for opportunities around the current price level, targeting TP1: 0.005350, TP2: 0.005600, and TP3: 0.005850 for potential profit.
To manage risk, setting a stop-loss at 0.004600 is recommended to protect against further decline.
This setup outlines a strategy that balances potential profit targets with careful risk management.
