🚨 $TAKE / USDT – Post-Spike Distribution Setup
$TAKE spiked aggressively to 0.050 before facing strong rejection and heavy selling pressure. Since then, price has been moving sideways under resistance, suggesting possible distribution after the blow-off top.
The structure now favors sellers while price remains below the rejection zone.
📌 Trade Plan (Short Bias)
Entry Zone: 0.035 – 0.037
Stop Loss: 0.041
🎯 Targets:
TP1: 0.032
TP2: 0.029
TP3: 0.025
📉 Technical Outlook:
Strong rejection from 0.050 spike high
Lower highs forming after the dump
Sideways consolidation under resistance
Weak structure if 0.034 support breaks
A clean breakdown below 0.034 could trigger accelerated downside momentum.
⚠️ Manage risk carefully — post-spike moves can be volatile and fast in both directions.
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