đ„ 8.7x Sell Volume Spike on $TAKE â Distribution or Shakeout?
Massive sell pressure just hit $TAKEUSDT.P, printing an 8.7x volume spike alongside a sharp breakdown. When volume expands this aggressively on a drop, it usually signals one of two things:
1ïžâŁ Smart money distribution
2ïžâŁ Panic-driven liquidation
Right now, structure remains bearish unless price can quickly reclaim and hold above 0.02020.
đ Bearish Scenario:
If price retraces into 0.02020 â 0.02123 and shows rejection (bearish engulfing, pin bar, lower high on 5m/15m), that zone becomes a potential short area.
đŻ Downside Levels to Watch:
âą 0.02002
âą 0.01926
âą 0.01847
âą 0.01798 (if momentum accelerates)
đ Invalidation:
A strong 15m close above 0.02123 with continuation could shift momentum and open the door for reclaim plays toward 0.02188 â 0.02293.
High volume events often lead to liquidity hunts. The market tends to seek lower liquidity pools before forming a base â patience and confirmation are key.
â ïž Not financial advice. Manage risk and wait for confirmation â volatility cuts both ways.
Are you seeing distribution⊠or preparing for a reversal? đ
#Take #OVERTAKE #signaladvisor #TrendingPredictions $TAKE
