$TREE IS TARGETING THE 0.1200 ZONE AS BUYERS CONTINUE TO DEFEND THE RISING STRUCTURE.
Price action on $TREE /USDT is respecting a clean ascending channel, with higher lows forming consistently and buyers stepping in on every minor pullback. The market is holding above the trendline support near the 0.1100–0.1110 area, which keeps the bullish structure intact. As long as price remains above this zone, momentum favors continuation, and a gradual push toward the upper boundary of the channel around 0.1180–0.1200 remains likely.
From a long trade perspective, this setup offers a favorable risk-to-reward as dips into the channel support can be used for continuation entries. The consolidation seen near 0.1120 suggests absorption rather than distribution, indicating that sellers are struggling to push price lower. A clean hold above support followed by expansion can open the door for a strong upside leg, especially if price breaks and holds above the recent intraday highs.
On the short side, rejection from the upper channel resistance or a decisive breakdown below the rising trendline would invalidate the bullish bias. If price loses the 0.1100 support with strong selling pressure, a deeper pullback toward the 0.1050 region could unfold. Short outlook: bias remains bullish while above the ascending support; only a clear breakdown would shift momentum in favor of shorts.
