$TREE

Bearish Trendline Test (30m)

šŸ” Signal: Price respecting a descending trendline from recent Higher High (HH).

Multiple Lower Highs (LH) forming ā†’ bearish structure intact.


āš ļø Why Caution:

Failed breakout attempts above $0.448

RSI sitting near 52 ā€” no momentum shift yet

Strong resistance confluence at descending trendline + previous LH zone


šŸ“Š Short Setup Idea:

Entry Zone: $0.424 ā€“ $0.448 (trendline retest zone)

Stop Loss: Above $0.450

Take Profit Targets:


TP1: $0.389

TP2: $0.3695

TP3: $0.349


šŸ›” Risk Management:

Use 3ā€“5x leverage max.

Trail stop if price breaks under $0.389 with volume.

šŸ’” Bullish Invalidation:

If $TREE breaks & holds above $0.450 with volume + RSI >60, structure flips bullish ā†’ look for mid-range retest toward $0.50+.

@Treehouse Official #Treehouse