Okay... $TAKE just completely TOOK OFF đ
From around $0.058 to $0.214+ in basically one vertical move... that's almost +270% from the 24H low đ
And the crazy part is the volume...
More than $224M futures volume in 24H while shorts kept getting trapped into the move.
Around $779K in tracked liquidations over the last 24H...
đŽ SHORTS: ~$692K
đą LONGS: ~$87K
Almost 89% of those liquidations were SHORTS đ
Technically this thing is extremely overheated now too...
1H RSI is around 99 and 4H RSI around 97... while funding has also become heavily positive.
đ Levels i am watching:
$0.214-$0.215 â immediate resistance
$0.19-$0.20 â current battle zone
$0.15-$0.16 â first major pullback area
$0.117-$0.12 â deeper support
I haven't seen any major fresh fundamental catalyst big enough to explain a +200% move yet...
This looks much more like momentum + massive volume + shorts getting squeezed one after another.
And now after this move i am definitely NOT blindly shorting $TAKE just because it looks overbought đ
But chasing LONG after a move from $0.058 to $0.21+ with RSI near 100?
I will let the market calm down first đ$TAKE
From around $0.058 to $0.214+ in basically one vertical move... that's almost +270% from the 24H low đ
And the crazy part is the volume...
More than $224M futures volume in 24H while shorts kept getting trapped into the move.
Around $779K in tracked liquidations over the last 24H...
đŽ SHORTS: ~$692K
đą LONGS: ~$87K
Almost 89% of those liquidations were SHORTS đ
Technically this thing is extremely overheated now too...
1H RSI is around 99 and 4H RSI around 97... while funding has also become heavily positive.
đ Levels i am watching:
$0.214-$0.215 â immediate resistance
$0.19-$0.20 â current battle zone
$0.15-$0.16 â first major pullback area
$0.117-$0.12 â deeper support
I haven't seen any major fresh fundamental catalyst big enough to explain a +200% move yet...
This looks much more like momentum + massive volume + shorts getting squeezed one after another.
And now after this move i am definitely NOT blindly shorting $TAKE just because it looks overbought đ
But chasing LONG after a move from $0.058 to $0.21+ with RSI near 100?
I will let the market calm down first đ$TAKE
