$CAKE / USDT – Longs Liquidated! $4.12K at $1.96919!
Over $4.12K in long positions got liquidated at $1.96919 — bulls got absolutely smacked in this price action. A clear sign that the market isn’t showing any mercy right now.
Now, $CAKE is teetering on a critical support zone. Is this the moment for a sharp reversal, or will the bears continue to press the sell button?
📊 Trade Setup (Bounce/Support Play):
• Entry Zone (Bounce/Support Play): $1.950 – $1.970
🎯 TP 1: $2.05
🎯 TP 2: $2.15
🎯 TP 3: $2.30
🛑 SL: Below $1.92
⚠️ Bearish Scenario:
If $1.92 breaks with volume, expect a sharp drop toward $1.85 or even $1.75 — bears won’t hesitate.
This is the line in the sand — the next move could make or break $CAKE’s momentum.
Pro Tips:
• Don’t FOMO — wait for clear entry confirmation.
• Consider scaling in to reduce risk on volatile coins like $CAKE.
• Partial profits at each TP level to lock in gains.
• Keep tabs on BTC movement — alts like $CAKE often follow Bitcoin’s lead.
