The chart for $TAKE USDT perpetual shows a sharp -25.43% drop in the last period, with the price sitting at around 0.04606 USDT after plunging from highs near 0.06319 (24h high) to lows of 0.04100.
Heavy red candles dominate the recent action, with price hugging the lower Bollinger Band (DN ~0.050) and breaking below key supports. MACD remains bearish (negative DIF/DEA, though histogram flipping slightly positive hints at minor divergence). RSI(14) ~22 is deeply oversold, and shorter RSI(6) even lower – classic exhaustion territory after brutal downside momentum.
Long-term performance is ugly: -87% over 30 days, -84% over 90 days. Volume spiked on the crash but now fading, with long/short ratio heavily skewed long (L/S Ratio 3.30, ~77% longs) – this overcrowding often fuels squeezes lower in downtrends.
Bearish bias remains strong, but oversold oscillators + potential MACD bullish cross tease a short-term relief bounce or squeeze before continuation lower.
Trade Idea (Short – High Risk!)
Entry: Now around 0.0460–0.0466
Take Profit: 0.0410 (recent low / next support zone) → ~11% potential
Stop Loss: 0.0514 (above recent swing high / BOLL middle) → ~11% risk
Risk only what you can afford – leverage carefully on futures! This is momentum-based, not financial advice.
Short $TAKE USDT Now! Catch the next leg down before bounce fades 🔥 Follow & turn 🔔 on for more setups! Trade smart 🚀
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