$TAKE USDT Explodes 73% Intraday – Bull Trap or Real Reversal
TAKEUSDT is currently trading around 0.0342 after printing a strong 73% daily move. Price earlier tapped a high near 0.0508 and then faced a sharp rejection, dropping aggressively toward the 0.032–0.033 zone.
Technical View
Resistance levels:
0.0365 short term resistance
0.0400 psychological level
0.0500 major intraday high
Support levels:
0.0320 immediate support
0.0300 key structural support
0.0280 breakdown zone
The 15m structure shows a vertical rally followed by a strong bearish correction candle. This type of move usually signals profit-taking after an overextended push. Momentum likely overheated earlier, and RSI would have been in overbought territory before cooling off. Current price action suggests consolidation after volatility expansion.
Market Sentiment
Short term sentiment is Neutral to slightly Bearish. The sharp rejection from 0.05 shows strong supply overhead. Bulls need to reclaim 0.0365 to regain control. Otherwise, price may range or retest lower support.
Strategy
Wait for confirmation.
Aggressive traders may look for entry near 0.032–0.033 with tight risk below 0.030.
Safer entry would be on a breakout and hold above 0.0365.
No chase after a 70% pump. Let structure form.
Are you buying the dip on TAKE or waiting for a confirmed breakout?
Not Financial Advice. Always manage risk.
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