$TAKE — 15m Downtrend, Relief Bounce Into Supply
$TAKE is in a clear short-term downtrend following heavy distribution. On the 15m chart, price has printed consistent lower highs and lower lows from 0.0454.
The EMA cluster (7/25/99) is fully bearishly aligned, and price recently rejected near EMA25 while remaining capped below the 0.0375 supply zone. Structure continues to favor downside continuation.
SHORT Setup
Entry: 0.03550 – 0.03650
Stop Loss: 0.03780
Targets:
• TP1: 0.03400
• TP2: 0.03250
• TP3: 0.03050
Structure Outlook
• Bearish bias valid below 0.0375
• Breakdown under 0.034 increases downside momentum
• 0.030 zone becomes next liquidity pocket
If price reclaims and holds above 0.0375, the bearish thesis weakens.
Lower timeframe setups move fast — manage risk accordingly.
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Trade here $TAKE 👇🏻
