$CAKE Sweet Rally on the Rise! š°š
$CAKE just served up a delicious +17.60% rally, soaring from $2.39 to a high of $2.94 in just hours. This vertical breakout came with strong momentum and volume (22.75M CAKE), suggesting real bullish intent. The price is now consolidating just below the $3 mark ā a psychological resistance zone to watch closely.
If $CAKE can maintain support above $2.80, we may see another push toward $3.10+. However, a dip back below $2.75 could invite short-term correction. Eyes on volume confirmation and continuation candles!
Trade Setup:
Entry: $2.80ā$2.88
TP1: $2.98
TP2: $3.10
TP3: $3.25
SL: Below $2.74