Technical Snapshot:

  1. Current Price: 0.004340 (down 6.77% in 24h, slight recovery of +0.56% on the 30-minute chart)

24h High: 0.004738

24h Low: 0.004225

  1. Volume: 10.52B TROY, 46.93M USDT

  2. Trend: Bearish with minor consolidation near support.

Support & Resistance Levels:

  1. Support:

  2. Near-term: 0.004300

  3. Key: 0.004225 (24h low)

Resistance:

  1. Immediate: 0.004400

  2. Key: 0.004550

24h High: 0.004738

Trade Strategy:

1️⃣ Bullish Entry:

  1. Trigger: Price breaks above 0.004400.

  2. Targets:

🎯 0.004500

🎯 0.004650

🎯 0.004750

  • Stop Loss: 0.004250 (below support).

2️⃣ Bearish Entry:

  1. Trigger: Price falls below 0.004225.

  2. Targets:

🎯 0.004100

🎯 0.004000

🎯 0.003900

  • Stop Loss: 0.004400 (above resistance).

Indicators to Watch:

  1. RSI: Check for oversold conditions near 0.004225 to anticipate a potential rebound.

  2. MACD: Monitor for bullish or bearish crossovers to confirm trend changes.

  3. Volume: Watch for spikes near breakout/breakdown levels to validate the move.

Conclusion:

Bullish Outlook: A breakout above 0.004400 could signal recovery toward the 24h high, supported by momentum.

Bearish Outlook: A breakdown below 0.004225 suggests continued downside pressure toward lower support levels.

Trade with caution and validate your strategy with volume and price action analysis!

#CryptoReboundStrategy #BitcoinTurns16 #Binance250Million

$TROY