On the 15-minute timeframe, $TROY /USDT has experienced a substantial upward momentum, showing a strong gain of over 67%, indicating intensified buyer interest.
The price is currently trading near the resistance level of 0.004242, which could act as a critical barrier. A breakout above this resistance could pave the way for further gains, making it an ideal entry point for aggressive traders looking to capture the bullish momentum.
For entry, consider entering near the current price level, around 0.004135, but only if the price remains above the nearby support at 0.003668, which serves as a key safety net.
In terms of profit targets, look towards three take-profit levels: TP1 at 0.004500, TP2 at 0.004800, and TP3 at 0.005000, which could serve as achievable benchmarks if the bullish rally continues.
To manage risk effectively, a stop-loss (SL) is advised just below the support, around 0.003300, to protect against any sharp pullbacks.
With a high RSI of over 92, TROY/USDT is currently overbought, so stay vigilant for potential profit-taking or consolidation, but maintain focus on the potential for further upside if momentum persists.
This setup suggests that the market is in a high-tension zone, likely leading to a decisive move in the coming hours.
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