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Latest market data shows that the TREE/USDT trading pair is currently priced at 0.4285 USDT, with a 24-hour increase of 3.07%, indicating a positive market sentiment.
Technical analysis indicates that although the price has retraced after breaking the 0.5063 high, the MACD indicator shows a golden cross trend, suggesting that there is still upward momentum in the short term.
In terms of important price levels, 0.3695 is a key support, and if it breaks below, it may trigger further corrections down to 0.3928. On the upside, 0.5063 is the main resistance, and if broken, it is expected to challenge 0.5132 or even higher levels.
For trading strategy, consider establishing a long position with a light position near 0.4285, with a stop-loss set below 0.3695, and targeting a price of 0.5063. However, given the market volatility, it is advised to control the position within 2-5% of the total capital and closely monitor changes in trading volume.
Market sentiment analysis shows a slight increase in trading volume of 0.85% over the past 24 hours, indicating that bullish strength is accumulating. In terms of technical indicators, the moving average system shows a bullish arrangement, the SAR indicator leans towards bullish, but the VOL indicator has not shown significant expansion. It is recommended to pay attention to the volume accompanying the breakout.
In summary, TREE/USDT is expected to maintain an upward trend in the short term, but breaking through the resistance level of 0.5063 will be key to confirming strength. It is recommended to adopt a cautious strategy in operations, focusing on small positions to test the waters, while closely monitoring market dynamics and managing risks effectively.