🚨 $TAKE Rejection After Parabolic Spike – Distribution Phase?
$TAKE pumped aggressively to 0.050 and got slammed with heavy selling pressure.
Now price is moving sideways under resistance — this looks like post-spike distribution.
When a coin explodes and fails to hold highs, smart money usually offloads into strength.
🔎 Current Structure: • Strong rejection from 0.050
• Lower highs forming
• Weak bounce attempts
• Sideways compression under supply
This is not strength — this is absorption.
📌 Trade Plan (Short Bias)
Entry Zone: 0.035 – 0.037
Stop-Loss: 0.041
Targets:
🎯 TP1: 0.032
🎯 TP2: 0.029
🎯 TP3: 0.025
If 0.034 support breaks cleanly, expect acceleration to the downside.
These post-spike breakdowns usually move FAST.
⚠️ Manage risk. Don’t overleverage. Let breakdown confirm.
Volatility expansion incoming.
TAKEUSDT
Perp
0.03992
+5.19%