$TAKE (OVERTAKE), the asset is displaying strong bullish momentum, up +39.67% in the short term. The price is currently trading at approximately $0.057904, maintaining its position above the rising EMA(7) and EMA(25), signaling continuation within a short-term markup phase.
$TAKE Trade Setup
Bias: LONG
Entry: $0.05650 – $0.05780 (EMA 7 / EMA 25 support zone)
Stop-Loss: $0.05380 (Below EMA 99 and recent consolidation base)
TP1: $0.06200
TP2: $0.06580 (Retest of local peak)
TP3: $0.07000
Technical Analysis
The impulse leg from the local bottom of $0.04835 remains fully intact. Current price action shows shallow pullbacks that are immediately bought up, with the EMA(25) at $0.057118 acting as a strong dynamic floor. A clean break and hold above the recent spike high of $0.065898 would confirm a massive expansion toward the $0.070 psychological resistance.
Risk Management
Structure invalidation occurs if the price breaks and closes below the EMA(99) at $0.05439, which would signal a shift to a neutral or bearish bias. Favor long continuation as long as the higher-low sequence holds above the $0.056 pivot zone.