I was looking at $TAKE and there is something that doesn't happen every day.
A pump of 5.5% accompanied by a volume 4.7 times greater than the average. That volume tells me that there was real activity behind the movement. But a spike like this almost always comes followed by a pause — the price goes back to look for a zone where the market can breathe.
The zone I am looking at for that is $0.02056–$0.02035. If the price retraces to there and a reversal candle appears with lower volume than that of the spike, then I start looking more closely. If that is confirmed, the levels I have above are $0.02208 as the first reference and $0.02259 a little further away — neither of the two is certainty, they are zones where the price could find resistance.
If instead the price breaks $0.02208 directly and retests it as support with a strong close, the targets extend to $0.02300 and $0.02332.
The scenario that would take me out of that hypothesis is a sustained close below $0.01962. There I prefer to wait for a new base to form before looking for any entry.
What I still need to see is whether that volume was real accumulation or just noise. That will be shown by what the price does in the next candles.
#TAKE $TAKE