$TREE /USDT Bullish Trend Continuation Setup
Analysis
A powerful bullish impulse on the hourly chart is followed by a low-volume corrective pullback, indicating a temporary pause. Lower timeframes show this correction approaching a key technical support zone, suggesting a potential continuation of the primary uptrend as short-term overbought conditions ease.
Trade Setup
Signal Type: LONG
Entry Zone: 0.4500 - 0.4600
Target 1: 0.4900
Target 2: 0.5400
Target 3: 0.5800
Stop Loss: 0.4150
Risk:Reward Ratio: 2.13
Key Rationale
The setup anticipates a bounce from a support confluence formed by key moving averages on lower timeframes. This entry aligns with the dominant bullish momentum clearly visible on the hourly chart.