Thoughts on $TREE
In a short period, the price increased nearly 2 times (from ~0.27 $ to 0.65 $). This looks like a speculative pump — many traders entered simultaneously.
Resistance and support:
• Resistance: ~0.65 $ (last high).
• Current level: 0.53 $ (after a pullback from the high).
• Support: ~0.33–0.35 $ (area before the pump).
It seems that some traders have already started taking profits.
⚠️ Risks:
• Such growth rarely lasts long — usually followed by a correction.
• If this was a pump, the price may quickly fall back into the 0.35–0.40 $ zone.
• Possible “bull trap.”
