$CAKE /USDT Analysis:🔥💯

$CAKE /USDT is currently at $2.452, up 4.88%, indicating a bullish rebound.

📈A potential long entry could be considered above $2.460, targeting the $2.480 level or higher.

📉Conversely, a short entry may be viable if the price breaks below $2.445, aiming for $2.430 or lower.

🛑Implement a stop-loss just below $2.430 for long positions and above $2.470 for shorts to manage risk.

The chart shows recent volatility with a noticeable recovery.

⚠️Note the positive 30-day and 90-day growth despite the 1-year downtrend. Always trade with prudent risk management and consider broader market conditions.

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