$TREE /USDT – Pullback After Sharp Spike
TREE is trading at $0.4230 (-3.51%) after a rapid move to $0.4727, followed by a sharp rejection in a single candle. This type of price action often signals profit-taking at key resistance or the presence of strong sell orders in that zone.
Current Outlook:
Immediate support lies at $0.4127. If this level holds, TREE may attempt another bounce toward $0.4400–$0.4580.
A close above $0.4580 would be the first sign of bullish strength returning, potentially opening the way back to test $0.4727.
If $0.4127 support breaks, the next downside targets could be $0.4040 and $0.3900.
Market Insight: The high volume spike at $0.4727 followed by a quick drop suggests short-term traders took profits. For continuation, TREE needs consolidation above $0.4400 with sustained buying volume.
If you want, I can also prepare a short-term trading plan for TREE based on this setup so you know exact entry, stop loss, and targets for the next move.