They call it an explosion, but the four-hour chart tells a different story for $TREE /USDT.

$TREE - Short

Trading plan:

Entry: 0.064151 – 0.064453

SL: 0.065752

TP1: 0.063215

TP2: 0.062490

TP3: 0.061403

Why this setup?

The daily trend is bearish. The price is consolidating near the four-hour entry area (0.064151-0.064453) after a rejection. The relative strength index on the 15-minute chart is high at 67.59, indicating short-term exhaustion within the larger downtrend. The setup favors a continuation downward towards TP1 at 0.063215.

Discussion:

Is this just a bear flag before the next leg down, or is it a trap?