🔥 8.7x Sell Volume Spike on
$TAKE – Distribution or Shakeout?
Massive sell pressure just hit $TAKEUSDT.P, printing an 8.7x volume spike alongside a sharp breakdown. When volume expands this aggressively on a drop, it usually signals one of two things:
1️⃣ Smart money distribution
2️⃣ Panic-driven liquidation
Right now, structure remains bearish unless price can quickly reclaim and hold above 0.02020.
📉 Bearish Scenario:
If price retraces into 0.02020 – 0.02123 and shows rejection (bearish engulfing, pin bar, lower high on 5m/15m), that zone becomes a potential short area.
🎯 Downside Levels