The $TREE chart is looking spicy! š„
Right now, the price is sitting at $0.3442, down just over 3% for the day. But the real story is where it's atāit's hovering directly on the MA60 line, which is a major support level. This is a critical point where we're seeing a tug-of-war between buyers and sellers.
We just saw a huge spike in volume with a big green candle, which shows strong buying interest, but it immediately got rejected. This means the bulls tried to push it up, but the bears were ready to sell off.
ā”ļøStrategic Trading Notes:
* Patience is key: Don't FOMO in. The price is right on a pivot point. Wait for a clear move.
* Watch the MA60: If the price can break and hold above the MA60 line, that could signal a rebound. A strong drop below it could signal more downside.
* Set your levels: Keep an eye on the 24h high of $0.3643 and the low of $0.3342. These are your key resistance and support levels.
Remember to manage your risk. This chart is volatile, so trade smart! āļø. @Treehouse Official