Trading Signals for $TROY

in #steem17 days ago

TROY is currently showing signs of price consolidation with a high Vol/Mkt Cap ratio of 65.58%, indicating significant liquidity in the market. Recent price movements reflect a 3.20% gain over the past day, and the 24-hour volume has declined by 50.26%, suggesting reduced activity compared to the previous period. The current price of $0.006187 is near its 24-hour high of $0.006419, suggesting resistance at these levels. Scalping opportunities exist around this range for short-term trades.

Potential support is visible at $0.005878 (24-hour low), while resistance at $0.006419 aligns with the recent high. Tight stop-losses and disciplined exits are critical given the recent volatility.

Action:
Long Position
Entry Range: $0.006000 - $0.006100
SL: 0.5% below entry
TP: $0.006300 - $0.006900

Short Position
Entry Range: $0.006350 - $0.006400
SL: 1% above entry
TP: $0.006000 - $0.005900

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🚨 Note: Trade at your own risk. DYOR.

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