$TAKE

Operation Suggestions: Can we short it now?

Conclusion: Be cautious about shorting, but it's not advisable to chase the short.

Reasons:

SAR indicator turns red: The main trend is still upwards, counter-trend shorting is like “catching a falling knife,” which carries significant risk.

Limited retracement space: The current price of 0.04208 is still some distance away from the SAR support level of 0.03785 below, making it unlikely to drop straight back down.

Strong liquidation area pressure: There are huge liquidation orders above 0.04280 that have been cleared, and this position has now turned into heavy selling pressure.

Specific Strategy:

Aggressive shorting: If the price rebounds and faces resistance around 0.04250 (check if the candlestick shows an upper shadow), you can try to short with a light position, aiming for a retracement to 0.04000.

Prudent long (buying on retracement): If the price tests 0.04000 and does not break it, and the KDJ indicator drops and repairs before crossing again, you can consider going long, with a stop loss set at 0.03900.

Stop-loss discipline: Whether going long or short, strict stop-loss rules must be followed. If shorting, once it breaks 0.0430, you must exit immediately to prevent being squeezed.