Guys! $TAKE printed a massive spike and instantly gave back a big chunk — that long red 1H candle after topping near 0.05 looks like distribution.
When you see vertical green → sharp red like this, it’s usually late longs getting trapped. Momentum flipped fast.
TAKEUSDT
Perp
0.0352
+77.41%
Entry: 0.033 – 0.035
Target 1: 0.028
Target 2: 0.024
Stop Loss: 0.041
After parabolic moves, price normally retraces deeper before any real continuation. Don’t chase hype candles.