$CAKE DROPS BELOW SUPPORT SHORT-TERM PRESSURE BUILDING❗$CAKE has broken below the $2.30 level, reaching an intraday low of $2.289 with consistent lower highs and volume-backed red candles. The short-term trend remains bearish unless a quick reclaim of $2.31 occurs.
📉 Bearish Trade Setup:
• Entry: $2.29 – $2.30
• TP1: $2.25
• TP2: $2.18
• SL: $2.315
Momentum favors sellers. Watch for a bounce at lower support or further continuation below $2.28.