$CAKE /USDT – Sweet Breakout Brewing! 🚀
Current Price: $2.347 (+3.67%)
Market Structure:
$CAKE is riding a strong uptrend on the 15m chart, pressing against its 24H high resistance at $2.354. Buyers are consistently stepping in on dips, forming higher lows.
Key Levels:
Resistance: $2.354 (24H high)
Support: $2.300
Breakout Watch Zone: $2.355+
Trade Setup:
Entry (Breakout Buy): $2.355–$2.360
TP1: $2.420
TP2: $2.490
TP3: $2.580
SL: Below $2.295
Pro Tip: Wait for a 15m candle close above $2.355 with increasing volume. Momentum traders could capitalize quickly on a clean breakout.
Bulls on the Rise! $CAKE is cooking up a breakout—if $2.354 flips to support, expect a fast rally toward $2.50+. Watch closely!
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