The $TROY /USDT pair on the 15-minute chart is currently trading around 0.004369, reflecting a substantial gain of nearly 70% over the past 24 hours. The chart reveals a high of 0.004659 and a low of 0.002429, showing strong volatility and upward momentum. The MACD is relatively flat, but the RSI stands at around 61, indicating a healthy buying interest without reaching overbought levels.
For a trade setup:
Resistance is identified at 0.004659, which is the recent peak.
Support is around 0.004210, providing a buffer below the current level.
Buy Entry would be ideal above 0.004400 to confirm continued bullish momentum.
Take Profit (TP) Targets:
TP1: 0.004500
TP2: 0.004550
TP3: 0.004600
Stop Loss (SL): Set at 0.004150 to mitigate risk in case of a reversal.
This setup aims to capture gains within close targets, allowing for quick exits if momentum fades, while minimizing downside exposure with a tight stop loss. Monitor for any significant shifts in volume or sentiment, as they could impact short-term price action.
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