TREE: Don’t let the drop scare you just yet. The counterintuitive point is that after a sharp decline, it’s even more important to watch for selling pressure to taper off.
Binance USDⓈ-M perpetuals | TREE is down 36.73% over the past 24 hours. Weakness persists; any recovery depends first on whether selling pressure eases. Current price is around 0.03747, with 24h trading volume of around 63.0272 million; absolute trading volume doesn’t necessarily mean relative volume is rising. Market flows: long/short ratio by accounts: 0.91 (account positioning is nearly balanced); taker buy/sell ratio: 0.86 (taker selling dominates); 30m open interest: -0.3%; funding rate: -0.2264%.
Reference indicators: the 30m ATR trend-band reference level is 0.039670. The current price has fallen below it, indicating that the trend protection level is coming under pressure. The 30m KDJ is 38.51/27.09/61.37, suggesting that short-term divergence remains in the middle zone.
The divergence here is quite specific: some expect a continued breakdown, while others expect a rebound from panic selling. I’m more interested in whether the taker buy/sell ratio of 0.86 can get back above 1. If it can’t, even a sharp bounce could easily turn into a weak recovery.
#TREE #Abnormal_Movement_Alert
Binance USDⓈ-M perpetuals | TREE is down 36.73% over the past 24 hours. Weakness persists; any recovery depends first on whether selling pressure eases. Current price is around 0.03747, with 24h trading volume of around 63.0272 million; absolute trading volume doesn’t necessarily mean relative volume is rising. Market flows: long/short ratio by accounts: 0.91 (account positioning is nearly balanced); taker buy/sell ratio: 0.86 (taker selling dominates); 30m open interest: -0.3%; funding rate: -0.2264%.
Reference indicators: the 30m ATR trend-band reference level is 0.039670. The current price has fallen below it, indicating that the trend protection level is coming under pressure. The 30m KDJ is 38.51/27.09/61.37, suggesting that short-term divergence remains in the middle zone.
The divergence here is quite specific: some expect a continued breakdown, while others expect a rebound from panic selling. I’m more interested in whether the taker buy/sell ratio of 0.86 can get back above 1. If it can’t, even a sharp bounce could easily turn into a weak recovery.
#TREE #Abnormal_Movement_Alert