$TROY Technical Analysis
TROY Quick Take: Post-Listing Reality Check
Seeing TROY at $0.002677 (-13.76%) - classic post-listing dump playing out. Yesterday's Binance Futures hype pushed it to $0.004100, but profit-taking was inevitable.
Key Levels I'm Watching:
Support: $0.0020 (critical)
Resistance: $0.0030, $0.0035
Honest talk - this drop was expected. We've seen this pattern countless times with new futures listings. Initial pump, then sellers step in heavy. Volume's still elevated but mostly selling pressure right now.
That $0.0025 support is make-or-break. If it holds, could see bounce back to $0.0030. But break below? Might revisit more previous support levels.
My take? Let the dust settle. These post-listing moves are tricky - better to wait for clear support than catch falling knives. Futures market brings volatility both ways.
Smart money usually waits for these dips. Once selling exhausts, could set up nice entries. But right now? Patience is key.