The long position you opened before $TAKE can now be closed. The funding rate is negative to such an extreme level, yet the chart is just hovering around 0.21. In the past 24 hours it’s more than doubled. Anyone who chased in at this level is going to feel awful.

Let me share a detail: this project’s circulating supply is under $20 million. The top 20 addresses account for over 60% of the holdings, and it’s clearly not retail-led—there are obvious signs of liquidity being taken by a few.

Whether it’s being pumped or dumped is basically controlled by a small number of people.

Now look at the unlock schedule: investors’ 15% allocation has a 6-month cliff followed by 24 months of linear release. Based on the TGE timing, that key unlock window falls in early next year. The higher it’s pumped beforehand, the more comfortable it will be for them to sell into.

A negative funding rate means shorts are paying longs. This condition won’t last long. Either the longs push the price higher, or the funding rate flips positive and shorts begin to pay.

Short directly from 0.19 to 0.21. Set the stop-loss above 0.25. First target: 0.12. If it breaks below, then look for 0.08.