8.14 Market Overview: $TREE TREE Head and Shoulders Structure @Treehouse Official
TREE has formed a head and shoulders structure, with support at 0.4091 starting to rebound, resistance at the neckline above at 0.4341, and bottom support below at 0.3936;
Light position at market price to go long, or wait for a pullback to 0.4091 without breaking or a drop followed by a pullback to go long, with a stop at 0.4025, targets at 0.4324 and 0.4444; left-side high short at 0.4444, stop at 0.4516, targets at 0.4341 and 0.4158; or wait on the right side for a breakout above 0.4341, then short on a drop with a stop at 0.4444, targets at 0.4158 and 0.4091.
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