$TREE in Bearish Hold — Watch for Breakdown or Bounce
$TREE is currently in a clear downtrend, trading at $0.4870 after multiple failed attempts to reclaim the $0.50 level. The price is forming a tight consolidation near support, signaling a possible breakdown if $0.4780 fails to hold. However, if buyers step in, a short-term bounce toward $0.5050 is possible. Caution is advised in this uncertain zone.
Trade Setup:
• Entry: $0.4870
• TP1: $0.5050
• TP2: $0.5220
• TP3: $0.5400
• Stop Loss: $0.4750