Trading Strategy for $CAKE /USDT
Long Position (Buy Setup)
Entry Price: $2.60 - $2.62
Target Level: $2.85 - $3.10
Stop Loss: $2.30
Key Breakout Level: $2.71
Short Position (Sell Setup)
Entry Price: $2.58 - $2.55
Target Level: $2.30 - $2.15
Stop Loss: $2.72
Key Breakdown Level: $2.50
Key Notes:
Strong resistance near $2.85, potential breakout if sustained.
Support at $2.30, breakdown could lead to further downside.
Volume and moving averages suggest trend continuation potential.
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