🍰 $CAKE /USDT Short Liquidation Alert 🌕 A $5.8K short position was liquidated at $2.412, propelling CAKE's price upward by 4.87%.🆙 This surge indicates strong bullish momentum 💥💥💥📈

CAKE is exhibiting a bullish trend, with technical indicators such as the MACD and RSI supporting upward momentum. The MACD is positive, and the RSI is approaching overbought territory, suggesting continued buying interest.

Resistance: $2.45

Take Profit Targets:

TP1: $2.50

TP2: $2.55

TP3: $2.58

Stop Loss: $2.38

Next Move: If CAKE breaks above the $2.45 resistance level with strong volume, it could target the $2.50–$2.60 range. However, failure to maintain momentum may lead to a pullback towards $2.35.

Stay vigilant and manage your risk accordingly! 🏆🔥

Buy and Trade Here $CAKE