Regarding the TAKE project, recently there have been many claims of "big gains," but a close look at the candlestick chart shows that the overall performance is a typical stair-step decline. Instead of suggesting that there is a whale supporting the price, it’s more accurate to say that the whales have already quietly run away.

What should a real rally look like? A single large bullish candle shooting straight up, for example, pushing the price directly to 0.1, rather than this fake operation—rising 5% and then sharply falling 10% or 20%. This repeated high-low fluctuation actually confirms a harsh reality: the liquidity of this project has severely dried up, and there is no real room for upward movement.

From a trading perspective, it’s clearer. The shorts have been profitable but refuse to close their positions, aiming to squeeze out all the longs before pushing the price higher. At that point, the shorts would also be forced to cover in the reverse direction. But the problem is, the longs are already liquidated before that moment arrives. This creates a vicious cycle caused by liquidity exhaustion.

For friends still holding positions, instead of hoping for a miracle, it’s better to close your position while there’s still a rebound opportunity. If you want to continue participating, consider opening an equal short position to hedge risk, which can at least protect your principal.