$TREE | SHORT
TREE just ripped through a multi-week descending trendline with a full-bodied impulsive candle, leaving the entire prior downtrend structure behind. Moves this sharp often attract late longs and create the perfect liquidity for a rejection once the initial FOMO fades. Price is currently sitting around 0.0423 after the +28% spike. The cleaner short setup is to wait for a retest of the breakout area or the local highs rather than shorting into strength.
LIMIT ORDER SHORT
Entry: 0.0445–0.0475
Take Profit Targets:
TP1: 0.0388
TP2: 0.0355
TP3: 0.0328
TP4: 0.0300
Stop Loss: 0.0505
Wait for the limit order to fill. Don’t chase the move. Secure partial profits at each TP and manage SL progressively.
Trade from here to become my supporter on Binance Square (DYOR) 👇
TREE just ripped through a multi-week descending trendline with a full-bodied impulsive candle, leaving the entire prior downtrend structure behind. Moves this sharp often attract late longs and create the perfect liquidity for a rejection once the initial FOMO fades. Price is currently sitting around 0.0423 after the +28% spike. The cleaner short setup is to wait for a retest of the breakout area or the local highs rather than shorting into strength.
LIMIT ORDER SHORT
Entry: 0.0445–0.0475
Take Profit Targets:
TP1: 0.0388
TP2: 0.0355
TP3: 0.0328
TP4: 0.0300
Stop Loss: 0.0505
Wait for the limit order to fill. Don’t chase the move. Secure partial profits at each TP and manage SL progressively.
Trade from here to become my supporter on Binance Square (DYOR) 👇