Analysis of the $TROY currency on the hourly frame:
1. General trend:
The general trend of the price in the last stage appears to be bearish, as the price moves below the moving averages (MA) for 7, 25 and 99 periods, indicating strong selling pressure.
2. Moving averages (MA):
The MA(7) average is below the MA(25) and MA(99), which is a sign of the continuation of the downward trend.
The intersection of the averages shows that the market is going through a phase of weakness.
3. Relative Strength Index (RSI):
The RSI value shows 22.25, which means that the market is in the oversold area, and there may be a chance for the price to rebound upwards, but caution must be exercised because the general trend is still bearish.
4. MACD indicator:
The MACD value is negative with its lines crossing downwards, which supports the continuation of the downward trend in the short term.
Advice for you:
If you are thinking of buying, wait for clearer bounce signals such as a resistance break, a positive moving average crossover, or an improvement in the RSI value.
If you want to sell, it may be better to focus on risk management, especially if you entered the market at higher levels.