#CAKEtoken #phantichdakhung #FutureTradingSignals
Price and volume overview
• Current price: 2,819 USDT
• 24h volatility: +14.50%
• 24h trading volume: Strong increase, higher than daily average
Technical analysis across multiple time frames
Overall trend: CAKE is in a short to medium-term uptrend, however, momentum indicators show extreme overbought conditions, especially in short time frames. Both MACD and RSI are in high territory, warning of potential corrections in the short term.
• 15 minutes: Short-term uptrend continues, MA in correct increasing order. RSI = 88 (strongly overbought), volume declining.
• 1 hour: RSI = 93 (extremely overbought), strong positive MACD, volume lower than average.
• 4 hours: Uptrend continues, RSI = 91, deep negative OBV → warning of potential selling pressure.
• 1 day: Clear uptrend, RSI = 80, slight positive MACD, volume exceeds average → long-term capital inflow remains positive.
Short-term trading strategy
Scenario 1: Long after correction (Success probability 65–70%)
Wait for a correction when RSI cools down below 70 on the 1h/4h chart.
• Entry: Zone 2,500–2,600 (near MA(7)–MA(25) on the 4h chart)
• Stop loss: Below 2,350 (below MA(99) on the 4h chart)
• Take profit: 2,900 (TP1), 3,200 (TP2)
Scenario 2: Short in the short term if reversal signals appear (Probability 50–55%)
Only enter a trade if the price breaks MA(7) on the 1h chart accompanied by a plummeting RSI.
• Entry: Around 2,750
• Stop loss: Above 2,850
• Take profit: 2,650–2,600
Note: High risk because the overall trend is still up.
Warnings and risk management
• Do not chase purchases at the current price due to severe overbought conditions.
• Always set a stop loss, manage risk below 2% of account/trade.
• Prioritize Long strategy if there is a slight correction accompanied by declining volume.
• The altcoin market may experience strong volatility if BTC reverses – need to closely monitor BTC movements to avoid entering the wrong trend.
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