After staring at the market for so long, these “punish the guilty while saving others” dramas like $TAKE always put human nature to the ultimate test.
Watching it slide from 0.09 all the way down to 0.0135, then “play dead” and go sideways around there for so long—how many people cut losses and exit, and how many have their patience completely exhausted during that long consolidation. So what happens in the end? A single big bullish candle surges it all the way back to 0.08935, gaining nearly 50% in one day.
This kind of reversal after an extreme shakeout leaves the main order flow completely drained—cleaned out. Now the price is back near the starting point, and the sentiment is already extremely euphoric.
What do we do next?
1️⃣ Defensive position: Don’t get carried away and chase the price. Wait for it to pull back and stabilize around 0.060–0.065 before considering going long. Set the line at the interim level of this rally at 0.040—if it breaks, leave immediately.
2️⃣ Offensive point: The first target is the previous high at 0.09111. Once it breaks out on increased volume, that means a complete trend reversal. Then look for targets above 0.12.
For friends who feel lost when trading, for those who want to get back to even, and for those hoping to double—stay close to Sister Xin, who plans ahead and positions early.
Watching it slide from 0.09 all the way down to 0.0135, then “play dead” and go sideways around there for so long—how many people cut losses and exit, and how many have their patience completely exhausted during that long consolidation. So what happens in the end? A single big bullish candle surges it all the way back to 0.08935, gaining nearly 50% in one day.
This kind of reversal after an extreme shakeout leaves the main order flow completely drained—cleaned out. Now the price is back near the starting point, and the sentiment is already extremely euphoric.
What do we do next?
1️⃣ Defensive position: Don’t get carried away and chase the price. Wait for it to pull back and stabilize around 0.060–0.065 before considering going long. Set the line at the interim level of this rally at 0.040—if it breaks, leave immediately.
2️⃣ Offensive point: The first target is the previous high at 0.09111. Once it breaks out on increased volume, that means a complete trend reversal. Then look for targets above 0.12.
For friends who feel lost when trading, for those who want to get back to even, and for those hoping to double—stay close to Sister Xin, who plans ahead and positions early.
