$TAKE — Major Rejection After Spike ⚡🔻
$TAKE exploded to 0.050 and got slammed down immediately, showing heavy sell pressure. Price is now chopping sideways, which often signals distribution after a parabolic move.
Momentum favors sellers unless support holds strong.
📉 Short Trade Setup — $TAKE
Entry Zone: 0.035 – 0.037 🟩
Stop Loss: 0.041 🛑
Targets:
• TP1 → 0.032 🎯
• TP2 → 0.029 🎯
• TP3 → 0.025 🎯
Why this setup?
Strong rejection from the spike high suggests buyers are exhausted.
Sideways consolidation below resistance keeps downside pressure active.
A clean break under 0.034 support could trigger a fast sell-off.
Execution Tip:
Wait for confirmation rejection inside the entry zone.
Manage risk tightly — volatility can expand quickly ⚠️
Trade $TAKE here 👇
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