Clear long-term bearish downtrend for #TROLL


From launch/early trading to now, price has made consistent lower highs and lower lows.
Even though it’s flattened recently, nothing on this chart yet breaks the macro trend.
There is possible bottoming for the last couple of months, price has gone sideways at very low levels.
with reduced volatility and repeated support holds.
That’s typical of accumulation or dead liquidity zones
The recent breakout attempt may be the first sign of life.
You can see a small impulse up in late April / early May where $TROLL broke slightly above the range highs but
Immediately faced selling
This wass an early breakout attempt, not confirmation.
We see some RSI strength shift (momentum improving)
which often precedes price moves.
However, overhead resistance is heavy with a lot of trapped supply above:
Previous breakdown zones
Bagholders from higher levels
No clean price discovery above
Any rally will likely face constant sell pressure on the way up.
To summarise
Bull case: early accumulation + improving RSI means possible reversal setup
Bear case: still in macro downtrend + weak breakout follow through and consequently TROLL is not a conviction buy signal yet.
TROLLFACE-8.62%
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