【$TAKE Signal】Empty Position - Beware of Liquidity Traps After Short Squeeze

$TAKE After a single-day surge of 37%, the RSI has entered the overbought zone at 77.13, but the funding rate is as high as 0.1269%, and open interest remains stable. This is a typical short squeeze market, and it is strictly prohibited to buy the top and short.

However, depth data (-8.81%) shows that sell orders are significantly thicker than buy orders, and the price has moved far away from the EMA20 (0.0200), indicating extremely high short-term risk of chasing the high. The last 4H candlestick has enormous volume but a narrow body, showing increased bullish and bearish disagreement, with heavy selling pressure above.

🎯 Direction: Empty Position (NoPosition)

Currently, this is a sentiment-driven short squeeze market lacking healthy technical retracement. Long positions lack safety margins, while short positions are against the trend of the squeeze. The best strategy is to wait for the price to retest key support levels (such as near EMA20) with buy absorption signals, or wait for the funding rate to turn negative and open interest to decline, indicating a top structure. Entering at this point offers poor risk-reward, so risk management is the priority.

Trade here 👇 $TAKE

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