CAKEBNB

$CAKE 📈 CAKE/BNB Market Analysis – Binance (1-Hour Chart)🔥🔥🔥🐂🐂💯🎯

📅 Date: Feb 12, 2025 – 08:39 UTC
💰 Current Price: 0.003250 BNB
📊 Volume: 6.92K (Increasing, indicating buying pressure)
⚡ Trend: Bullish Breakout Forming

📍 Key Levels

🔼 Resistance: 0.003400 | 0.003600 | 0.003800
🔽 Support: 0.003088 | 0.003012 | 0.002900

📊 Technical Indicators

✅ Moving Averages:

Price is trading above key moving averages (50 EMA & 200 EMA), reinforcing bullish momentum.

Sustained price action above 0.003250 could confirm a continued uptrend.

✅ RSI & ADX:

RSI: 65.82 (Approaching overbought, indicating strong buying pressure but possible pullback soon).

ADX: 43.36 (Indicating a strong trend).

DI+ (31.54) > DI- (14.06), confirming bullish strength.

📉 Trading Plan

🟢 Long (Buy) – If CAKE Holds Above 0.003200
📌 Entry: 0.003200 - 0.003250
📌 Stop-Loss: 0.003100
📌 Take-Profit: 0.003400 - 0.003600
✅ Confirmation: Strong breakout and increased volume.

🔴 Short (Sell) – If CAKE Fails to Hold Above 0.003100
📌 Entry: 0.003100 - 0.003000
📌 Stop-Loss: 0.003250
📌 Take-Profit: 0.002900 - 0.002800
✅ Confirmation: Rejection from resistance & downward momentum.

⏳ Trade Duration: 1-3 Hours

📢 Conclusion:
📊 Trend: Bullish, but approaching overbought conditions.
⚡ Strategy: Watch for a breakout confirmation above 0.003250 before entering long positions.

📌 Disclaimer: This is not financial advice. Always conduct your own research and risk management. 🚀

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