WHAT THE HELL JUST HAPPENED TO $TAKE ?
Look at that 1H candle structure $TAKE ripped from around 0.06 to 0.21, then gave back a huge part of the move almost immediately. This isn’t a normal clean breakout anymore. It’s extreme volatility.
And there’s another thing worth watching: TAKE’s funding rate reportedly hit 0.2008% for the 4-hour period on Sept. 23, which is extremely elevated and shows how aggressive positioning became during the move.
TARGETS: 0.115 / 0.135 / 0.145
Support: 0.085–0.090
Resistance: 0.115–0.120 / 0.150+
The key level now is 0.09. If buyers can hold this area after that insane rejection from 0.20+, a recovery toward 0.115 becomes interesting.
$TAKE has already shown what kind of volatility it can produce today. The next move could be just as violent.
CLICK here to view the chart 👇🏻
#TAKE #BinanceSquare #TrendingTopic
Look at that 1H candle structure $TAKE ripped from around 0.06 to 0.21, then gave back a huge part of the move almost immediately. This isn’t a normal clean breakout anymore. It’s extreme volatility.
And there’s another thing worth watching: TAKE’s funding rate reportedly hit 0.2008% for the 4-hour period on Sept. 23, which is extremely elevated and shows how aggressive positioning became during the move.
TARGETS: 0.115 / 0.135 / 0.145
Support: 0.085–0.090
Resistance: 0.115–0.120 / 0.150+
The key level now is 0.09. If buyers can hold this area after that insane rejection from 0.20+, a recovery toward 0.115 becomes interesting.
$TAKE has already shown what kind of volatility it can produce today. The next move could be just as violent.
CLICK here to view the chart 👇🏻
#TAKE #BinanceSquare #TrendingTopic
