$TAKE
TAKEUSDT — Pullback to Support in Recovery Rally
TAKEUSDT is trading at $0.04325, pulling back after a massive rally from $0.02511 to $0.05085. Price is now retesting the $0.04100–$0.04350 zone, which previously acted as resistance and is now support. The asset maintains strong weekly momentum (+101.07%) and shows healthy correction structure.
Trade Plan
Entry (Long): $0.04150–$0.04280 (Pullback to support zone)
Target 1: $0.04700–$0.04850 (Resistance before 24h high)
Target 2: $0.05050–$0.05100 (24h high retest)
Stop Loss: $0.04000 (Below key support and recent swing low)
My View
TAKE is in a strong recovery bounce with a healthy pullback to support. The current retest of the $0.04150–$0.04280 zone offers a high-probability long entry for continuation toward $0.050+. This is a momentum continuation setup, not a counter-trade. Wait for bullish rejection candles or consolidation near support before entry. No short setup as recovery structure remains intact.
