$TREE From downtrend to bullish breakout
After a prolonged descent within a bearish channel, $TREE has broken out with strong upward momentum, moving above the EMA and confirming a trend reversal. Current price action is consolidating in a new bullish channel, suggesting accumulation before the next leg up.
If buying pressure holds, the next resistance levels are within reach. Pullbacks toward the EMA could offer low-risk entries for swing traders.
Trade setup:
Entry: 0.4280 – 0.4300 (current range)
TP1: 0.4360
TP2: 0.4440
TP3: 0.4520
Stop Loss: below 0.4230 ❌
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