$TAKE — Bearish Continuation Intact After Sharp Breakdown
Short $TAKE
• Entry: 0.02270 – 0.02310
• Stop Loss: 0.02460
Targets:
• TP1: 0.02100
• TP2: 0.01941
• TP3: 0.01750
TAKE is still showing a clean bearish structure on the 1H chart after a sharp breakdown from 0.02913. Price has already lost momentum, and the recent bounce looks more like a dead-cat retrace than a true reversal. Sellers are still in control, and the trend remains pointed lower.
The key zone to watch is 0.02407, which has now flipped from support into resistance. As long as price stays below that area, the downside continuation scenario stays valid. The next major target is the 0.01941 support cluster, with room for an extended flush if volume expands again.
This setup stays valid while 0.02460 remains unbroken. If bulls reclaim that level with strong 1H volume, the short idea is invalidated and the market could shift into a recovery phase.
Trade $TAKE here 👇🏻
