TAKE's recent trend is worth paying attention to. From the candlestick chart, the bearish momentum has almost been released, and the price is gradually approaching a key support level. According to common technical patterns, this position usually signals a rebound or a halt in the decline.
Many traders are observing the performance around this area. Some are considering whether to close their short positions, as the signs of a rise are already quite evident. However, this decision still needs to be made based on one's own cost basis and risk tolerance—after all, the market always has surprises.
If TAKE can effectively hold this price range in the future, the resistance levels above will become clearer. At that point, the rebound potential could be quite significant. Of course, it is also important to pay attention to the overall market trend, because a single asset rarely moves independently from the overall market conditions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
6
Repost
Share
Comment
0/400
BlockchainGriller
· 9h ago
Are the shorts about to disperse? I'll wait a bit longer; the market hasn't warmed up yet.
View OriginalReply0
WagmiWarrior
· 9h ago
The shorts are almost squeezed dry. This wave of TAKE feels promising.
View OriginalReply0
LayerZeroHero
· 9h ago
Support levels are indeed crucial, but I am more optimistic about Bitcoin leading the move first.
View OriginalReply0
SchroedingerAirdrop
· 9h ago
Are the shorts all released? Why do I feel like it's going to keep crashing?
TAKE's recent trend is worth paying attention to. From the candlestick chart, the bearish momentum has almost been released, and the price is gradually approaching a key support level. According to common technical patterns, this position usually signals a rebound or a halt in the decline.
Many traders are observing the performance around this area. Some are considering whether to close their short positions, as the signs of a rise are already quite evident. However, this decision still needs to be made based on one's own cost basis and risk tolerance—after all, the market always has surprises.
If TAKE can effectively hold this price range in the future, the resistance levels above will become clearer. At that point, the rebound potential could be quite significant. Of course, it is also important to pay attention to the overall market trend, because a single asset rarely moves independently from the overall market conditions.