TREE/USDT 4H Technical Analysis:
Current Price: $0.4552
24H Change: -9.03%
24H High / Low: $0.5170 / $0.4335
Volume (TREE): 48.80M
Volume (USDT): 23.20M
Chart Insights:
Moving Averages:
MA(7): $0.4724 (currently above price, indicating near-term resistance)
MA(25): $0.5057 (further resistance above)
Recent Price Action: After a sharp drop, price is consolidating and forming higher lows, suggesting possible bullish divergence (note the pink trendline under price candles).
Support Zone: $0.4335 (24H low)
Resistance Zone: $0.4724 (MA7) and $0.5057 (MA25)
Signal:
⚠️ Caution with slight bullish bias
Price is attempting to reclaim moving averages after a dip, but overall momentum is neutral-to-weak.
Possible Trade Setup:
Entry: $0.4520 – $0.4550 (upon confirmation of continued support)
Target 1: $0.4720
Target 2: $0.5050
Stop Loss: $0.4320
This is a scalp-to-short swing trade setup. Watch for volume confirmation before entry. Avoid chasing if momentum fades below $0.4450.
