$CAKE /USDT.
Current Price
$2.639 (+10.51% 24h)
š Top Gainer on the day ā strong bullish momentum building.
š Market Overview:
MetricValue24h High$2.75024h Low$2.38624h Vol (CAKE)13.44M24h Vol (USDT)$34.07M
Volume and volatility are both surging ā typical of a momentum breakout.
š Technical Indicators (15m Timeframe):
IndicatorValueMA60$2.674MA(5)18,888.41MA(10)19,752.87Recent Vol8,393.95
Price is currently below MA60, suggesting a short-term cooldown after testing resistance at $2.75.
āļø Key Levels:
TypeZoneNotesImmediate R1$2.73ā$2.7524h high zone (resistance)Support Zone$2.60ā$2.62Local demand & consolidationBreakdown<$2.58Potential intraday fade zone
āļø Trade Scenarios:
š¼ 1. Breakout Retest Play
Trigger: Reclaim $2.70 with volume
Entry: $2.72
Target: $2.88 ā $3.00 psychological
Stop: $2.66
š 2. Buy the Dip (Scalp)
Buy Zone: $2.60ā$2.62
Target: $2.70+
Stop: $2.57
š½ 3. Short-term Reversal
If rejection @ $2.75 area again
Short Entry: $2.74
Target: $2.60
Stop: $2.78
š§ Summary:
Trend: Bullish
Current Action: Cooling after hitting key resistance.
Best Strategy:
Look for a reclaim of $2.70 for continuation, or
Buy dip to $2.60 zone with tight stop.
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