I took a look at the recent trend of TAKE futures, and I find it quite interesting.
Currently, the RSI on the 15-minute, 1-hour, and 4-hour charts are all somewhat weak, but there's a small bright spot — the MACD histogram on the 1-hour chart has turned positive. However, trading volume has only recovered slightly, shrinking by 86% from its lows. We need to see which direction the volume will move next to determine the trend.
**Some key price levels:** - The current price is around 0.12, which is a weak equilibrium point - There are resistance levels at 0.125 and 0.13 - Support levels are at 0.115 and 0.11
**Trading strategy roughly is this:** If the price can break above 0.125, consider a small long position, targeting 0.13, with a stop-loss at 0.122. Conversely, if it falls below 0.115, go short, targeting 0.11, with a stop-loss at 0.118. But at this position, I prefer to hold off — wait for it to choose a direction.
Honestly, when the market is unclear, patience is the biggest test. In such consolidation zones, reckless trading often results in more risk than reward. So my plan is to watch and wait for a break above 0.125 or a breakdown below 0.115 before acting. Confirmed signals come first, then I’ll go in — that’s safer.
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AirdropHunter
· 10h ago
Wait until the trading volume truly picks up before talking about it. Right now, this position is indeed awkward.
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MACD turning positive sounds good, but the fact that trading volume has only recovered a little feels a bit forced.
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Ugh, I hate this kind of consolidation range the most, it's a back-and-forth slap rhythm.
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0.12 is really stuck in no man's land, it's uncomfortable.
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That's what I think too. Don't act rashly before the signal is confirmed; reckless moves are the biggest risk.
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If the trading volume doesn't pick up, everything is pointless. Watching it closely, you can see the trend emerging.
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Anyway, the MACD histogram turning positive is still a bit interesting; continue to follow up and observe.
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I think your stop-loss setting is a bit tight, but the approach is indeed solid.
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Wait for the trading volume; everything depends on volume. Any rise without volume is just fake.
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AirdropFatigue
· 10h ago
The momentum is still too weak. With this kind of market condition, I don't dare to make reckless moves. I have to think three steps ahead for every move.
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WenAirdrop
· 10h ago
Let's wait until the market picks up before talking. Entering now is just a doomed move.
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GasBandit
· 10h ago
Let's wait until the volume picks up before making a move. Right now, acting recklessly is just giving away money. I'm also observing.
I took a look at the recent trend of TAKE futures, and I find it quite interesting.
Currently, the RSI on the 15-minute, 1-hour, and 4-hour charts are all somewhat weak, but there's a small bright spot — the MACD histogram on the 1-hour chart has turned positive. However, trading volume has only recovered slightly, shrinking by 86% from its lows. We need to see which direction the volume will move next to determine the trend.
**Some key price levels:**
- The current price is around 0.12, which is a weak equilibrium point
- There are resistance levels at 0.125 and 0.13
- Support levels are at 0.115 and 0.11
**Trading strategy roughly is this:**
If the price can break above 0.125, consider a small long position, targeting 0.13, with a stop-loss at 0.122. Conversely, if it falls below 0.115, go short, targeting 0.11, with a stop-loss at 0.118. But at this position, I prefer to hold off — wait for it to choose a direction.
Honestly, when the market is unclear, patience is the biggest test. In such consolidation zones, reckless trading often results in more risk than reward. So my plan is to watch and wait for a break above 0.125 or a breakdown below 0.115 before acting. Confirmed signals come first, then I’ll go in — that’s safer.