BOOM! Short Liquidation Alert on $CAKE — $1,000+ Crushed at $2.636!
The bears just got roasted as $1.0005K in short positions were LIQUIDATED at $2.636! This could be the turning point for $CAKE — the fuse has been lit!
Why this matters?
When shorts get liquidated, it means sellers are getting rekt, and the price may spike further as panic covering fuels momentum.
CAKE Technical Analysis (TA) — Chart is Cooking!
Buy Zone: $2.45 – $2.58 (Perfect entry near short squeeze support!)
Major Support: $2.36 (Break below = caution!)
Target 1: $2.89
Target 2: $3.12
Target 3: $3.45 (Long-term breakout target)
Stop Loss: Close below $2.34 (Strong invalidation zone)
Risk-Reward:
Low risk, high reward setup after liquidations. The squeeze is real — watch for the breakout candle!
Narrative:
"Shorts thought it was over. But $CAKE had other plans. A thousand-dollar liquidation at $2.636 just flipped the switch. Is this the comeback rally? Or just a warm-up? Time to find out."