#CAKE

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.

We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.35.

We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.

We are heading towards stability above the 100 Moving Average.

Entry price: 2.38

First target: 2.41

Second target: 2.45

Third target: 2.50

$CAKE #

#DYOR NFA