TROY - Perfect LONG Setup
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A recent entrant into the market, TROY has presented a trading opportunity worth consideration.
As per the chart, we see a descending triangle with a RSI indicating that the coin is somewhat oversold and we can expect either;
1) Trend Continuation - We will see a further decline
2) A Breakout to form Higher Highs & Lower lows
I am Long and have set a tight SL given the lack of historical data.
I'm looking to TP at the 15-20% mark.
As per the chart, we see a descending triangle with a RSI indicating that the coin is somewhat oversold and we can expect either;
1) Trend Continuation - We will see a further decline
2) A Breakout to form Higher Highs & Lower lows
I am Long and have set a tight SL given the lack of historical data.
I'm looking to TP at the 15-20% mark.
Note
TRADE CLOSED: Unfortunately broke through support at the time of Bitcoin's pump recovery from 6.9k.
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