【$TAKE Signal】Empty Position + Deep Correction after Short Squeeze
$$TAKE experienced a daily surge of 73% and is currently undergoing a deep correction and consolidation. The 4H K-line shows that the price has significantly retraced from the high of 0.05085 to around 0.0345, currently oscillating within a narrow range, which is a typical profit-taking phase after a short squeeze.
🎯 Direction: Empty Position
Market Analysis: Although the price is above EMA20 (0.0269), the 4H RSI (63.36) has retreated from the overbought zone, indicating weakening momentum. A key point is that the open interest (OI) remained stable during the surge, rather than continuously rising, indicating that the main force did not keep adding positions, and the increase was mainly driven by short covering.
Logic Core: The current funding rate is positive (0.017%), but deep data is imbalanced (-20.01%) and the sell wall (Asks) is significantly thicker than the buy wall (Bids), especially with huge selling pressure existing in the 0.0348-0.0350 range. This indicates that liquidity above has been drained, and institutions are unwilling to push prices higher at this level.
The price needs time to digest the gains and test the key support below (previous breakout level around 0.0313). Before the deep imbalance is corrected and buying pressure absorbs selling pressure again, the risk of chasing highs is extremely high. Adhere to the core risk control; when the win rate is insufficient, waiting with an empty position is the only positive expectation choice.
Trade here 👇 $TAKE
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