$TREE Testing Resistance, Breakout or Reversal Ahead?
$TREE is trading around $0.3755, showing strong upward momentum after reclaiming support. Price is consolidating near the resistance zone, and the next move will decide whether bulls push higher or sellers step in.
Key Levels to Watch
• Resistance: $0.3800 – A confirmed breakout above this zone could extend the move toward $0.3850 and $0.3900.
• Support: $0.3740 – Holding this level is crucial; a breakdown may lead price back to $0.3700 and $0.3650.
Trade Setup – Prepare for Market Reaction
• Bullish Entry: A confirmed move above $0.3800 could target:
TP1: $0.3850
TP2: $0.3900
• Bearish Entry: A rejection at resistance and break below $0.3740 could target:
TP1: $0.3700
TP2: $0.3650
Market Outlook:
With trading volume at 244K, momentum is building but uncertainty remains. Sustained buying above resistance could trigger a continuation rally, while weakness may cause a quick pullback.