$TREE
is in a sideways or bullish consolidation.
The price finds a stable support around $2.85, while resistance at $3.40 limits the upward momentum. A breakout here could push the trend upwards.
Fibonacci Levels:
From the recent low to the high, $TREE has retraced into the Fibonacci zone of 0.5–0.618 ($2.82–$2.95) and is holding it well. This is a constructive sign. The next Fibonacci target on the upward move is around $3.58 (0.786 level), with an extension zone around $3.95–$4.10.
RSI:
RSI fluctuates around 54, indicating a neutral to bullish strength. Not overbought, not oversold — momentum has room to grow if the bulls enter the game.
Entry Zones:
Safe Entry: $2.85–$2.95 (support + Fibonacci cluster)
Aggressive Entry: Breakout and close above the resistance level of $3.40
Take-Profit Zones:
TP1: $3.58 (Fibonacci + minor resistance)
TP2: $3.95–$4.10 (extension zone & potential supply wall)
Stop-Loss Ideas:
Conservative SL: Below $2.80 (structural invalidation)
Tight SL: Below $2.95 (just below the safe entry zone)
