$CAKE 🚀🚀BULLISH MOMENTUM 🚀 🚀
🍰 CAKE/USDT Trade Setup
Current Price: $2.83
24H Volume: $94.95 Million USDT
Trend Outlook: 🔄 Sideways with bullish bias
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📊 Technical Snapshot
RSI (14): 53 📊 (Neutral, slight bullish momentum building)
MACD: Bullish crossover seen on 4H ✅
EMA 20/50/200: Price has broken above 20 EMA, testing 50 EMA resistance zone
Fib Retracement: Price approaching 0.382 level at $2.88 🧭
Volume: Increasing on green candles (bullish volume divergence) 📈
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🎯 Trade Strategy
🟩 Entry Zone:
$2.78–$2.83 ✅ (Accumulation/Entry Range)
🎯 Targets:
1. T1: $2.95
2. T2: $3.18
3. T3: $3.42 🚀 (mid-term bullish extension target)
🔻 Stop Loss:
Below $2.68 ❌ (structure breakdown level – invalidate trade idea)
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📈 Risk-Reward Snapshot
Entry @ $2.83, SL @ $2.68, T1-T3:
→ R:R = ~1:2.5 📐
(Favourable for swing traders and short-term breakout setups)