8.6 Market Overview: TREE Bullish Descending Wedge Channel #Treehouse

$TREE is in a bullish descending wedge channel, with a minimum pin at 0.385 forming a rebound, but the rebound is weak. The level at 0.4133 becomes a critical line for support and resistance. If it breaks above, a long position can be considered; if it touches this point and then retraces, a short position can be taken.

Wait for a right-side breakout and stabilization above 0.4133 to go long, with a stop at 0.4 and targets at 0.4326 and the trend line near 0.4573; if it breaks above and then falls back, go short with a stop at 0.4326, targeting 0.385 and the lower trend line near 0.3685. Additionally, a long position can be set up near the lower trend line in anticipation of a rebound @Treehouse Official

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