CAKE/USDT - Triangle Breakout
CAKE/USDT is currently breaking out of a triangle pattern after a period of consolidation. The price is now testing the key resistance area at $2.80. Once this resistance is cleared, we can expect a strong bullish move towards $3.50 - $4.00.
Bullish Scenario:
Break above the $2.80 resistance confirms the breakout, targeting $3.50 - $4.00.
Pro Tip:
Watch for volume confirmation to ensure the breakout is sustainable. Set stop losses below the breakout zone to manage risk.
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