PancakeSwapToken

🍰 #PancakeSwap (CAKE): Time to Sell or Hold for $5? 🤔

I'm currently holding 4,503 $CAKE tokens in Binance, with the token trading at $2.65. The current chart shows strong support at $2.15 and resistance around $2.70. If it breaks $2.70, there's potential for a move toward $5.

🚀 Bullish case: If it breaks $2.70, CAKE could push toward $5.
⚠️ Bearish case: If it struggles at resistance, might dip back to $2.15 again.

My plan: I’m holding for now, waiting for a breakout around $2.70. Do you think it’ll hit $5 or dip lower? 👇

$CAKE


#CAKE #PancakeSwapToken #CAKEtoken

🥲 $2,000 Loss on #CAKE – What’s My Next Move? 🤔

Yesterday, my 4,503.63 $CAKE tokens in Binance were worth about $12,608 when CAKE was trading around $2.80. I held on, expecting further upside—but today, CAKE has dropped to $2.37, bringing my holdings down to $10,687, a $2,000 unrealized loss.

📉 What’s Happening with CAKE?

🔻 Price Drop: CAKE has fallen below key support, testing $2.37 with strong support at $2.15.
🔻 Resistance Levels: A bounce back toward $2.70 - $2.80 could happen if momentum returns.
🔻 Bearish Risk: If the support at $2.21 breaks, we could see another leg down.

📊 My Plan Moving Forward:

✔️ I’ve set a stop-limit sell at $2.21 to manage downside risk.
✔️ If CAKE recovers, I’ll look to exit around $2.70 - $2.80 to regain losses.
✔️ Watching the market closely for a potential reversal.

What do you think? Will CAKE bounce back, or should I cut my losses?👇

$CAKE
#PancakeSwap #PancakeSwapToken #CAKEUSDT

$CAKE
【Point Update】
This coin serves as a platform token, and its recent popularity has been quite good, surpassing UNIswap to become the number one DEX protocol in trading volume. The price has risen from a low of 1.38 in early March to a high of 2.85, achieving a doubling increase.

The current price is at the top of the daily trading range, and it is temporarily stagnating. However, from a smaller timeframe, it shows a wide range of fluctuations lasting over a week, with the amplitude continuously narrowing, forming an ascending flag pattern, indicating that there may be potential for another breakout in the future.

Recently, several levels of this coin can be monitored as references for entry and exit.

Short-term resistance: 2.8 (reduce position)
Strong resistance: 2.91, 3.29 (liquidate)
Short-term support: 2.53~2.47, 2.375 (enter position)
Strong support: 2.252 (increase position)

Gap: 1.91~2.44 (may be filled in the future, not currently considered)
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