TROY has surged for the second time in a week. I believe the current price has peaked, presenting an opportunity for shorting for profit.

Recently, TROY was listed on Binance Futures, and it experienced a continuous decline for several days upon its initial listing. This may be due to the trend where low-market-cap coins listed on Binance Futures tend to decline after their launch, leading many retail investors to short TROY.

This surge is likely a result of liquidating short positions. Such significant price increases to liquidate shorts typically result in the operators quickly selling off their holdings, and the price won't continue to rise for long.

Especially for low-market-cap coins, there are usually fewer traders involved. After one round of short liquidations, the remaining capital in the market diminishes significantly, leaving little 'fuel' for further price increases. Therefore, TROY's funding rate has returned to normal levels, and under these conditions, operators generally do not push prices up again, as there aren't enough shorts left to be liquidated.

At the same time, TROY's 12-hour chart shows a volume spike in a double top formation, indicating a high probability of a pullback.

I personally recommend shorting at the current price as a short-term trade. Today, major coins have rebounded. If Bitcoin experiences a pullback subsequently, it will undoubtedly trigger a larger decline in altcoins.