Bullish Reversal Setup on $TREE /USDT – Long Entry Opportunity
TREE/USDT has shown a consistent downtrend but is now attempting to form a base near 0.3180–0.3190, a strong short-term support zone. The chart indicates potential for a bullish reversal with a favorable risk-to-reward setup. If momentum sustains, price could push towards higher resistance levels.
Trade Setup:
Entry: 0.3190 – 0.3200
Target 1: 0.3260
Target 2: 0.3327
Target 3: 0.3400
Stop-Loss: 0.3154
Risk Management:
Allocate 3–5% of portfolio, and move stop-loss to entry after achieving Target 1. This protects gains while allowing price action to run further.
Pro Tip:
Watch for increasing volume confirmation at the support zone. A breakout above 0.3260 with strong candles would strengthen the bullish reversal case.