Why this Setup: After the explosive move up, $TAKE flushed and is now stabilizing around 0.0354 with tight consolidation, signaling sellers are losing control and buyers are defending the post-dump base. This kind of “cool-off” usually sets up the next leg if price holds the current support and starts stepping higher. As long as 0.0345–0.0360 remains defended, the higher-probability path is a rotation back into prior supply at 0.0400 first, then continuation toward 0.0450–0.0500 if momentum returns.
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.
$TAKE /USDT (1H) — Base After Spike (Continuation Setup)
Bias: Long
Entry (Zone): 0.0345 – 0.0360
Targets:
TP1: 0.0400
TP2: 0.0450
TP3: 0.0500
Stop Loss: 0.0328
Why this Setup:
After the explosive move up, $TAKE flushed and is now stabilizing around 0.0354 with tight consolidation, signaling sellers are losing control and buyers are defending the post-dump base. This kind of “cool-off” usually sets up the next leg if price holds the current support and starts stepping higher. As long as 0.0345–0.0360 remains defended, the higher-probability path is a rotation back into prior supply at 0.0400 first, then continuation toward 0.0450–0.0500 if momentum returns.
#CelebratingNewYearOnGateSquare