$TREE hit a new 7-day high, with buyers showing strong conviction.
However, it pulled back after surging, and the current price of 0.0481 is back below the previous high of 0.04841.
There are usually stop orders around new highs. Reversing after sweeping them suggests there’s significant selling pressure above. Let’s see if it can reclaim the previous high.
Just take this as something to listen to—don’t follow it blindly. Make your own decision.
However, it pulled back after surging, and the current price of 0.0481 is back below the previous high of 0.04841.
There are usually stop orders around new highs. Reversing after sweeping them suggests there’s significant selling pressure above. Let’s see if it can reclaim the previous high.
Just take this as something to listen to—don’t follow it blindly. Make your own decision.