I’m currently short on $TAKE and the position is playing out as expected.
Price faced a major rejection from the 0.48–0.50 zone, followed by a sharp and aggressive sell-off. Since then, $TAKE has been moving sideways near the lows, showing no real buying interest — just slow consolidation after heavy distribution.
Market structure remains clearly bearish with lower highs and failed bounce attempts. This kind of flat consolidation after a strong dump usually favors continuation to the downside, especially while price stays below key resistance.
📌 Invalidation The structure only improves if price reclaims and holds above 0.365–0.370 with strong volume. Below that zone, upside moves remain weak and risky.
🔻 Short Trade Details
Entry: 0.3276
Position: Short (50x)
Targets: 0.318 → 0.295
Invalidation: Above 0.372
Managing risk, letting the structure work, and staying short until the chart says otherwise 👇👇
