$TAKE ICT/SMC + ELLIOTT WAVE REVERSAL LONG SETUP
$TAKE is trading near $0.0517 after a sharp distribution-driven decline from $0.0794. On the 1H/4H structure, price shows bearish displacement but is approaching a potential sell-side liquidity sweep and discount zone. ICT/SMC logic favors a bullish reaction if price reclaims $0.0553 with displacement, converting the latest lower-high into a market-structure shift. Fibonacci retracement from $0.0177 to $0.0794 places 50% near $0.0486 and 38.2% near $0.0558, creating a key reaction band. Elliott Wave structure can be interpreted as a corrective ABC decline, with wave C potentially completing around the current zone. Confirmation requires volume expansion and RSI recovery from oversold conditions.
Trade: Long above $0.0553
TP1: $0.0558
TP2: $0.0689
TP3: $0.0794
Invalidation: Below $0.0485.
Risk should remain controlled because the higher-timeframe trend remains bearish until price decisively reclaims $0.0689 with volume and acceptance above resistance.
Trade $TAKE here 👇🏻👇🏻
$TAKE is trading near $0.0517 after a sharp distribution-driven decline from $0.0794. On the 1H/4H structure, price shows bearish displacement but is approaching a potential sell-side liquidity sweep and discount zone. ICT/SMC logic favors a bullish reaction if price reclaims $0.0553 with displacement, converting the latest lower-high into a market-structure shift. Fibonacci retracement from $0.0177 to $0.0794 places 50% near $0.0486 and 38.2% near $0.0558, creating a key reaction band. Elliott Wave structure can be interpreted as a corrective ABC decline, with wave C potentially completing around the current zone. Confirmation requires volume expansion and RSI recovery from oversold conditions.
Trade: Long above $0.0553
TP1: $0.0558
TP2: $0.0689
TP3: $0.0794
Invalidation: Below $0.0485.
Risk should remain controlled because the higher-timeframe trend remains bearish until price decisively reclaims $0.0689 with volume and acceptance above resistance.
Trade $TAKE here 👇🏻👇🏻