swing trade 1
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$CAKE /USDT Analysis
CAKE is experiencing a strong bullish momentum, with a current price of $2.292 and a 7.16% increase.
Market Outlook
The token has recovered from the local low of $2.122, forming higher lows and bullish engulfing candles. The price is approaching the resistance level at $2.30.
Key Levels
1. *Resistance*: $2.297
2. *Support*: $2.200
3. *Breakout Level*: $2.300
Trade Setup
1. *Entry Zone*: $2.30-$2.36
2. *Take Profit Targets*:
- *TP1*: $2.40
- *TP2*: $2.41
3. *Stop Loss*: $2.18
Monitor the market closely for a potential breakout above the resistance level.
Good luck.
CAKE is experiencing a strong bullish momentum, with a current price of $2.292 and a 7.16% increase.
Market Outlook
The token has recovered from the local low of $2.122, forming higher lows and bullish engulfing candles. The price is approaching the resistance level at $2.30.
Key Levels
1. *Resistance*: $2.297
2. *Support*: $2.200
3. *Breakout Level*: $2.300
Trade Setup
1. *Entry Zone*: $2.30-$2.36
2. *Take Profit Targets*:
- *TP1*: $2.40
- *TP2*: $2.41
3. *Stop Loss*: $2.18
Monitor the market closely for a potential breakout above the resistance level.
Good luck.
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