$TREE
– SHORT SETUP AFTER LOWER HIGH REJECTION
WEAK REBOUND. BEARISH PRESSURE BUILDING.
$TREE failed to sustain its recovery after a weak bounce near the $0.50 resistance zone, forming a clear lower high. The sharp rejection followed by a breakdown to $0.4838 signals continuation of the bearish trend. Price is now consolidating below key support turned resistance at $0.4935. Breakdown retest confirms short momentum.
SHORT ENTRY: $0.4910
TARGETS: $0.4830 / $0.4750
STOP LOSS: $0.4980
Expect further downside as sellers maintain control beneath resistance.
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