$TROY NEXT MOVE?
Current Price and Trend:
Current price is 0.004590, up 0.44% in the last 24 hours.
Price has pulled back from its recent high of 0.007317, indicating a correction or consolidation phase.
Resistance Levels:
Immediate resistance is at 0.004832 (EMA 25).
A stronger resistance lies near the recent high at 0.005716.
4. Support Levels:
Initial support is at 0.004436 (EMA 99).
Stronger support is around 0.003865, the recent low before the last bounce.
Next Move Scenarios:
Bullish Scenario:
If the price breaks above 0.004832 (EMA 25), it could target 0.0052, and a stronger move might aim for 0.0057.
Watch for increasing volume and bullish candlestick patterns for confirmation.
Bearish Scenario:
If the price fails to hold 0.004436 (EMA 99), it could drop towards the next support at 0.003865.
A break below 0.003865 might trigger further downside toward 0.0035.