$TAKE surged to 008971 leading to significant short liquidations This represents a clear breakout from a previous resistance zone The price action suggests an impulse wave with a subsequent consolidation phase
Key Levels Support zone 00860 00840 Breakout trigger 00900 Major resistance 00960
Long Trade Plan Entry range 00850 00870 TP1 00920 TP2 00940 TP3 00960 Stop loss 00820
Market Sentiment The substantial liquidation volume confirms aggressive buying A sustained move above 00900 is needed to confirm the breakout and target higher levels Watch for volume confirmation on any retest of the support zone
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$TAKE surged to 008971 leading to significant short liquidations This represents a clear breakout from a previous resistance zone The price action suggests an impulse wave with a subsequent consolidation phase
Key Levels
Support zone 00860 00840
Breakout trigger 00900
Major resistance 00960
Long Trade Plan
Entry range 00850 00870
TP1 00920
TP2 00940
TP3 00960
Stop loss 00820
Market Sentiment
The substantial liquidation volume confirms aggressive buying A sustained move above 00900 is needed to confirm the breakout and target higher levels Watch for volume confirmation on any retest of the support zone
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