$TREE
Bearish Trendline Test (30m)
đ Signal: Price respecting a descending trendline from recent Higher High (HH).
Multiple Lower Highs (LH) forming â bearish structure intact.
â ïž Why Caution:
Failed breakout attempts above $0.448
RSI sitting near 52 â no momentum shift yet
Strong resistance confluence at descending trendline + previous LH zone
đ Short Setup Idea:
Entry Zone: $0.424 â $0.448 (trendline retest zone)
Stop Loss: Above $0.450
Take Profit Targets:
TP1: $0.389
TP2: $0.3695
TP3: $0.349
đĄ Risk Management:
Use 3â5x leverage max.
Trail stop if price breaks under $0.389 with volume.
đĄ Bullish Invalidation:
If $TREE breaks & holds above $0.450 with volume + RSI >60, structure flips bullish â look for mid-range retest toward $0.50+.