TREEUSDT 2H: Explosive Breakout From All-Time-Low Zone 🚀
TREEUSDT has surged more than 23% in 24 hours, jumping from the $0.033 area to a new local high of $0.04121. TREE’s recorded ATH is approximately $1.62, while its latest ATL is near $0.0322. The breakout shows strong momentum, but most of the move occurred in one large candle, increasing the risk of a sharp pullback or false breakout.
Long setup: A confirmed 2H close above $0.04130 followed by a successful retest could continue the bullish move. Entry can be considered around $0.0410–$0.0415 after confirmation, targeting $0.0435, $0.0460 and $0.0500. Keep the stop-loss below $0.0390 because a close beneath this level would suggest that the breakout is losing strength.
Short setup: If TREE records a confirmed 2H close below $0.0390 and rejects this level during the retest, bearish momentum could target $0.0376, $0.0356 and $0.0336. Keep the stop-loss above $0.0413. The order book shows around 55% buying pressure, but traders should avoid chasing the large green candle and wait for confirmation.
#TREE #TREEUSDT #cryptotrading #BinanceFutures
TREEUSDT has surged more than 23% in 24 hours, jumping from the $0.033 area to a new local high of $0.04121. TREE’s recorded ATH is approximately $1.62, while its latest ATL is near $0.0322. The breakout shows strong momentum, but most of the move occurred in one large candle, increasing the risk of a sharp pullback or false breakout.
Long setup: A confirmed 2H close above $0.04130 followed by a successful retest could continue the bullish move. Entry can be considered around $0.0410–$0.0415 after confirmation, targeting $0.0435, $0.0460 and $0.0500. Keep the stop-loss below $0.0390 because a close beneath this level would suggest that the breakout is losing strength.
Short setup: If TREE records a confirmed 2H close below $0.0390 and rejects this level during the retest, bearish momentum could target $0.0376, $0.0356 and $0.0336. Keep the stop-loss above $0.0413. The order book shows around 55% buying pressure, but traders should avoid chasing the large green candle and wait for confirmation.
#TREE #TREEUSDT #cryptotrading #BinanceFutures