$TAKE Long Position Observation +58.12% – Bottom Starting Moving Average Resonance Bullish
The chart looks beautiful, a standard bottom reversal structure. The price has broken through all short-term moving averages with increased volume, and the EMA (9/15) has formed a golden cross and is diverging upwards, which is an early signal that the trend may reverse.
Key Levels
· Support: 0.0480 - 0.0500 (breakout platform and EMA9)
· Resistance: 0.0617 (previous high) / 0.0700
Trading Plan
· Entry: 0.0500 - 0.0520 area (pullback confirmation)
· Stop Loss: below 0.0450 (break below the starting platform)
· Take Profit: 0.0600 / 0.0680
It has risen 163% in a week, but overall it is still in the large bottom area. This kind of movement is often a signal for new funds to enter. Be patient and wait for a healthy pullback.
⚠️ Not financial advice. DYOR, bottom starts can be repeated, manage your positions well.
#Write2Earn #TAKE $SPACE
