$CAKE /USDT – Bulls Cooling Off After Pump? 🚨
Short Trade Setup:
Entry Zone: $2.76 – $2.80
TP1: $2.72
TP2: $2.66
TP3: $2.60
Stop Loss: $2.85
Current Price: $2.767 (+14.81%)
$CAKE just rallied hard but is showing signs of a pullback from the $2.94 high with consecutive red candles on lower timeframes.
Key Levels:
Resistance: $2.948 (24H High)
Support: $2.394 (24H Low)
Market Insight:
Exhaustion showing after vertical pump; wicks rejecting higher prices and pressure shifting to sellers.
Pro Tip:
Look for a retest around $2.80 to enter. Breakdown of $2.75 opens the door for deeper correction.
⚙️ Risk: Use proper risk management — 3x–5x leverage recommended🌞