$TAKE Long Signal – OVERTAKE
**Current Price:** $0.3593
**24h Change:** +30.3%
**Market Cap:** $63.54M
**On-chain Liquidity:** $3.16M
**FDV:** $359M
**On-chain holders:** 19,815 (still relatively early distribution)
Chart is breaking out of a multi-week falling wedge + retest of the breakout level with strong volume. Classic bullish continuation setup on Solana meta.
Long Setup (Spot or 3–5x leverage recommended)
**Entry Zone:**
$0.345 – $0.36 (preferably fill on pullback to 0.35–0.352 or current levels)
**Stop Loss (Tight but safe):**
$0.312 (below the wedge retest + recent swing low)
→ ~13–15% from current price → good R:R
**Targets (progressive take-profit):**
1) **TP1:** $0.445 → +24% from entry
(38.2% fib extension + previous local high) → take 30–40% here
2) **TP2:** $0.54 → +50–55%
(50% fib + measured move of the wedge) → take another 30–40%
3) **TP3 (Moonbag):** $0.75 – $0.82 → +110–130%
(0.618–0.786 fib extension + psychological $0.8 zone)
→ trail with moving stop or take final 20–30% here
#### Key Levels to Watch
- Invalidation: Close below $0.31 on 4h → full exit
- Strong resistance: $0.48–$0.50 (old ATH area, expect volume here)
- Next major support if we dip: $0.28–$0.30 zone (200EMA + high volume node)
Risk/Reward
- Risk: ~14%
- Reward: 1:1.7 (TP1) → 1:3.8 (TP2) → 1:8+ (TP3)
High-conviction breakout play while Solana ecosystem is heating up again. Size accordingly — this can easily 2–3x from here if volume stays strong.
Let’s send it frens 🚀🟢
