$TREE Watch for opportunities at higher levels.

This rebound just tested a key supply zone. You can feel the upward momentum starting to fade. Earlier, there was a violent sell-off at this level. Now, liquidity above is continuing to drain the buy-side, and the bulls are getting increasingly strained.

If the sellers keep suppressing at this level, the next move could be a pullback downward to grab the liquidity below the recent swing lows. For entry, watch the 0.0376 - 0.0384 range; then look for moves around 0.0365 to 0.0330. Set the defense level at 0.0415. Everyone, mind the risk and set a stop-loss.