🔥🔥🔥$TREE : Facing a critical short-term choice, potential opportunities may arise after a pullback
Project Introduction:
$TREE is a recently launched new cryptocurrency, focusing on the integration of ecological sustainability and green finance with the concept of Web3, possessing strong community attention and potential for capital speculation. In the early stages of its launch, driven by short-term funds, it once surged to $1.32.
From the K-line chart, TREE has significantly retreated from its high point of $1.32, recently oscillating in the range of $0.61 to $0.70, forming a clear bottom accumulation area. The current price is $0.6625, showing signs of a pullback.
The MACD indicator shows that bullish momentum has weakened, with the yellow and white lines (DEA, DIF) at risk of a death cross, and short-term adjustments may be under certain pressure. However, overall, chips are gradually moving down, and signs of main force control are still evident.
Operation Suggestions:
Short-term: Currently in the early stage of adjustment, it is recommended to temporarily observe and wait for a pullback to confirm support levels (such as $0.63~$0.65) before choosing to buy on dips.
Medium-term: You can gradually position yourself; the longer the bottom consolidation period, the greater the potential for subsequent eruption. It is advisable to set around $0.60 as a defensive level, with target prices between $0.85 and $1, paying attention to position management.
If it breaks through the resistance level of $0.75 and shows increased volume, a wave of catch-up rally may occur.
Summary: It is not recommended to chase prices at the current position; instead, wait for a pullback to find suitable entry points. I will notify fans at the earliest opportunity to ensure everyone seizes the best chance!