$TROY USDT Analysis

Current Price: $0.003805

24H High: $0.004420

24H Low: $0.003647

Pattern: The chart shows a clear bullish engulfing candle, indicating a potential reversal of the downward trend. The price is currently retesting the broken support level, which now acts as resistance.

Trade Ideas:

Long Entry: $0.003650 (Retest of broken support)

Target: $0.004200 (Previous resistance)

Stop Loss: $0.003500

Short Entry: $0.004450 (Retest of 24H high)

Target: $0.003700 (Retest of broken support)

Stop Loss: $0.004550

Leverage: Use 2x-3x leverage for risk management.

Market Outlook: The bullish engulfing candle suggests a potential bullish reversal. However, a retest of the broken support level is crucial. If the price breaks above the resistance level, a further uptrend is likely. If it fails to break above, a downward correction towards the support level is possible.#COSSocialFiRevolution #MEMEalpha #BTC93KNewATH #BitcoinETFOptions