$TAKE — THE PUMP IS OVER, NOW THE REAL TEST STARTS
TAKE made a crazy move from around $0.06 to above $0.20.
But look at the 1H chart now.
Price pushed near $0.215 and got rejected hard. Since then, we’ve seen several strong red candles, bringing TAKE back to around $0.10.
This is the level I’m watching now.
$0.10 is important.
If buyers can defend this area and price starts building back above $0.12–$0.13, we could see another attempt toward:
$0.16 → $0.18 → $0.20 → $0.215
But if $0.10 breaks with strong selling, the chart can get weaker and a deeper pullback becomes possible.
The biggest mistake here is chasing after a 200%+ move.
Let the chart show the next move first.
TAKE had the pump. Now I want to see whether it can build a base or continue correcting.
No blind entry. Watch the levels.
TAKE made a crazy move from around $0.06 to above $0.20.
But look at the 1H chart now.
Price pushed near $0.215 and got rejected hard. Since then, we’ve seen several strong red candles, bringing TAKE back to around $0.10.
This is the level I’m watching now.
$0.10 is important.
If buyers can defend this area and price starts building back above $0.12–$0.13, we could see another attempt toward:
$0.16 → $0.18 → $0.20 → $0.215
But if $0.10 breaks with strong selling, the chart can get weaker and a deeper pullback becomes possible.
The biggest mistake here is chasing after a 200%+ move.
Let the chart show the next move first.
TAKE had the pump. Now I want to see whether it can build a base or continue correcting.
No blind entry. Watch the levels.
