$TAKE is testing a major supply pocket where sellers are starting to step in.

Trading Plan Short $TAKE

Entry: 0.0304 – 0.0306

SL: 0.0313

TP1: 0.0294

TP2: 0.0282

TP3: 0.0265

The asset has surged from 0.0248 to 0.03049 — a 22% gain. The RSI at 77 suggests the asset is approaching overbought territory. The 4-hour chart is showing a loss of bullish momentum, with smaller candles forming at the resistance level. This region has acted as a ceiling in the past, and overhead liquidity remains concentrated here. If sellers defend this zone, the next downside levels to watch are 0.0294 and 0.0282, with deeper liquidity at 0.0265 — a potential 13% decline from entry. The stop is placed tight at 0.0313, above the recent high, offering a favorable risk-to-reward ratio.

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