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Is $TREE finally getting ready to drop the mask?
This chart is a mess of crazy wicks. Every time it tries to fly, someone is right there to dump it back down. We saw that massive spike to 0.093 earlier this month that got completely sold off, and now we’re grinding at 0.0710. It’s a nerve-wracking spot to be in.
Price action is showing a bit of a recovery from the 0.055 bottom, but we’re hitting a wall of resistance around the 0.078 area. If we can’t close a daily candle above that, we’re just going to keep oscillating in this boring range. The good news is the buy side of the order book is looking a bit thicker at 55%, so there's some interest in keeping us afloat for now.
Volume is decent but we need a real surge to break this cycle of fakeouts. If 0.068 holds as support, I’m optimistic, but a slip below that probably means we’re headed back to the lows.
Who’s actually brave enough to hold through these wicks or are you just scalping the moves?
#WCTCTradingChallengeShare8MUSDT