$TREE
Bearish Trendline Test (30m)
๐ Signal: Price respecting a descending trendline from recent Higher High (HH).
Multiple Lower Highs (LH) forming โ bearish structure intact.
โ ๏ธ Why Caution:
Failed breakout attempts above $0.448
RSI sitting near 52 โ no momentum shift yet
Strong resistance confluence at descending trendline + previous LH zone
๐ Short Setup Idea:
Entry Zone: $0.424 โ $0.448 (trendline retest zone)
Stop Loss: Above $0.450
Take Profit Targets:
TP1: $0.389
TP2: $0.3695
TP3: $0.349
๐ก Risk Management:
Use 3โ5x leverage max.
Trail stop if price breaks under $0.389 with volume.
๐ก Bullish Invalidation:
If $TREE breaks & holds above $0.450 with volume + RSI >60, structure flips bullish โ look for mid-range retest toward $0.50+.
