$CAKE STABILIZING AFTER SPIKE, CONSOLIDATION ZONE ACTIVE!
$CAKE/USDT is trading at $2.436, up +2.61% on the day. After a fast surge toward $2.49, the price is now cooling off and moving sideways in a tight zone. Bulls are attempting to hold ground above key support.
Key Levels:
• Resistance: $2.455 – $2.470
• Support: $2.425 – $2.430
Trade Setup:
Bullish Scenario
Entry: Break above $2.470
Targets:
• TP1: $2.495
• TP2: $2.530
Bearish Scenario
Entry: Drop below $2.425
Targets:
• TP1: $2.400
• TP2: $2.365
Stop-Loss:
• Long: Below $2.425
• Short: Above $2.470
$CAKE is in a consolidation phase after a strong push. A breakout from this range will dictate the next move. Until then, sideways price action is likely.
