$TREE Testing the Ceiling – Breakout or Fresh Rejection Ahead?
$TREE is trading at $0.4089, pressing against short-term resistance after a strong rebound from intraday lows. Price action is consolidating near the top of today’s range, signaling that a breakout or rejection could be close.
Key Levels to Watch
• Resistance: $0.4095 – A clean break above this level could open the door to $0.4160 and $0.4230.
• Support: $0.4060 – A drop below this could trigger a move toward $0.4000 and $0.3940.
Trade Setup – High Volatility Possible
• Bullish Entry: Break and hold above $0.4095 could target:
• TP1: $0.4160
• TP2: $0.4230
• Bearish Entry: Fall below $0.4060 could target:
• TP1: $0.4000
• TP2: $0.3940
Keep an eye on volume—an uptick will likely decide the breakout’s strength or confirm a reversal.