$CAKE is currently trading between the Bollinger Bands, with price hovering near the upper band at 2.3057. This proximity suggests a potential overextension, indicating a possible pullback or trend continuation. Support exists at 2.212 while resistance caps at 2.309. The recent 24-hour price change of 1.807% and daily low points towards contracting volatility, signaling caution. Traders should consider placing stop-loss orders just below the lower Bollinger Band at 2.211. Recommended action: wait for a confirmed break above resistance or a rebound at support before making any trades. Set alerts for these key levels.
