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TAKE has fallen from its all-time high of 0.514, currently retracing about 17%. During this correction, it’s evident that trading volume is gradually diminishing. The price has been oscillating within the 0.42-0.43 range for some time now.
Interestingly, recently, a considerable amount of capital has been accumulating at this level. According to conventional trading strategies, the next move is likely to involve several sharp upward and downward spikes to shake out some of the less committed holders. This phase can be quite challenging for contract traders’ psychological resilience—it's crucial to set proper stop-losses and not be scared out by the spikes.
From a technical perspective, I lean towards a bearish outlook. The specific reference points are as follows:
**Take profit: around 0.36**
**Stop loss: around 0.45**
**Risk-reward ratio maintained at 2:1**
This ratio is relatively balanced, providing room for a rebound while keeping the risk within manageable limits.