Analysis of whale efforts and TREE trading chart
Current price: approximately $0.41. CoinGeckoCoinMarketCap
Candle behavior and whale activity
The currency dropped by ≈ 46% after launch due to profit-taking from the airdrop. CCN.com
The RSI indicator is now rebounding from oversold areas—an indication of nearing the bottom and a return to buying. CCN.com
Increases in trading volume during price spikes reflect the entry of significant liquidity from investors.
Potential formation for a cup and handle pattern: bottom at ~ $0.47 and handle around $0.41, with a potential rise toward ~ $0.75. CCN.com
Trading plan
Bullish scenario: accumulation between $0.40–0.42 (handle bottom).
Stop loss: below $0.38.
Profit-taking targets:
Target 1: $0.50 (first retracement level).
Target 2: $0.60–0.75 (expected cup target).
Whale index: breakout candle above ~ $0.44 with high volume — often a sign of a new breakout from major investors.
