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Recently, the TreehouseFi coin has attracted attention in the market. Although its specific applications are not yet clear, its price movement has shown an interesting trend. After plummeting from $1.3 at the opening to $0.46, the price began to rebound, forming a distinct U-shaped structure.
This kind of fall followed by a rise in price movement provides potential opportunities for investors. From a technical analysis perspective, the U-shaped structure on the 4-hour chart may indicate that a rebound is about to occur. For traders willing to take risks, this could be a noteworthy entry point to follow.
However, investing in cryptocurrencies always comes with high risks. Therefore, it is recommended to participate using a low leverage and small position strategy. If you decide to enter the market, you can set your target price around $0.7, while setting your stop-loss at the day's lowest point, which is around $0.5, to control the risk.
It is worth noting that the cryptocurrency market is highly volatile, and investors should remain cautious at all times and implement risk management. Before engaging in any transactions, it is essential to conduct thorough research and analysis and ensure that only funds that one can afford to lose are invested.