đ¨ $TROY /USDT EXPERIENCES SHARP DROP â WILL IT REBOUND OR CONTINUE FALLING? đ¨
TROY is trading at $0.004631, down 28.87% in the last 24 hours after hitting a high of $0.007317. The chart shows a significant bearish move, with the price currently consolidating near the recent low.
Key Levels to Watch:
Resistance: $0.004780 â A breakout above this level could drive TROY toward $0.005300 and possibly $0.005800 in the short term.
Support: $0.004500 â This level is critical to avoid further downward momentum. A breakdown could push the price to $0.004300 or lower.
Entry Strategies:
1. Long Entry: Enter near $0.004600, targeting $0.004800, $0.005300, and $0.005800. Place a stop-loss at $0.004400 to minimize risks.
2. Short Entry: If TROY breaks below $0.004500, enter short with targets at $0.004300 and $0.004000, keeping a stop-loss at $0.004700.
The EMA(7) and EMA(25) indicate strong bearish momentum, while the EMA(99) remains far above, reflecting downward pressure. Traders should watch for a potential rebound or further sell-off and act accordingly. Tight risk management is essential in these volatile conditions.
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