$CAKE

Future Futures Contract Deal $CAKE

Technical Analysis:

• Current Price: 2.7229 USDT

• Highest Price in 24 Hours: 2.8150 USDT

• Lowest Price in 24 Hours: 2.4500 USDT

• Moving Averages:

• MA(7): 2.7319 (current price is below, indicating temporary weakness)

• MA(25): 2.6443 (current price is above, medium-term upward trend)

• MA(99): 2.5508 (current price is above, overall trend is still upward)

• Relative Strength Index (RSI):

• RSI(6): 53.96

• RSI(12): 58.91

• RSI(24): 58.79

(indicators show that the market is not in overbought or oversold territory, but there is moderate upward momentum.)

Recommendation:

• Bullish Scenario (Long Position):

• If the price breaks 2.8150 (current resistance), a buy (Long) contract can be opened with a target of 2.90 - 3.00 USDT.

• Stop loss at 2.65 USDT to protect capital.

• Bearish Scenario (Short Position):

• If the price breaks below the level of 2.70 USDT, a sell (Short) contract can be opened with a target of 2.55 - 2.50 USDT.

• Stop loss at 2.80 USDT to reduce risk.

Summary:

• Overall trend is upward, but there is resistance at 2.8150.

• Breaking this level may push the price higher.

• Breaking 2.70 may weaken the upward momentum and push it towards lower support.

If you intend to enter a trade, define your strategy based on the breakout or actual price break level.