$TREE is currently trading at $0.4334, sitting near a potential support zone around $0.42. This level could act as a strong base where buyers may step in to defend the price. If $TREE maintains above this support with increased volume, traders might consider entering long positions aiming for resistance targets near $0.48 and $0.52.
However, a clear break below $0.42 might trigger bearish momentum, pushing the price toward the next support zone near $0.38. Setting stop-loss orders just below $0.41 can help manage downside risk effectively.
Monitoring key technical indicators such as RSI and MACD can provide insights into the strength of the trend. An oversold RSI or bullish MACD crossover could signal a buying opportunity, while bearish signals may caution traders.
Overall, $TREE at $0.4334 offers a balanced trade setup with defined entry, exit, and risk management points for both short-term and swing traders.
