Everyone is panicking but look at where the price just bounced from.
$TAKE is showing some life after a brutal sell-off. We hit a low of 0.01605 and now we are seeing a 20% green candle today. That's a decent reaction from the bottom. The price is sitting at 0.02140 right now. There is a bit of a wall around the 0.02500 area where it previously broke down. If we can flip that level, things might get interesting. Volume is picking up a bit with over 550M TAKE traded today. It's still a risky play because the long term trend is clearly down, but this bounce looks like it has some gas. I'm watching to see if we can hold above 0.02000 on the daily close. If we lose that, the dream is over.
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.
Everyone is panicking but look at where the price just bounced from.
$TAKE is showing some life after a brutal sell-off. We hit a low of 0.01605 and now we are seeing a 20% green candle today. That's a decent reaction from the bottom.
The price is sitting at 0.02140 right now. There is a bit of a wall around the 0.02500 area where it previously broke down. If we can flip that level, things might get interesting.
Volume is picking up a bit with over 550M TAKE traded today. It's still a risky play because the long term trend is clearly down, but this bounce looks like it has some gas.
I'm watching to see if we can hold above 0.02000 on the daily close. If we lose that, the dream is over.
#GateSquare$50KRedPacketGiveaway