$CAKE /USDT

🟫 CAKE/USDT — Trade Setup

📌 Current Price: $2.421

24h Change: +0.75%

24h High / Low: $2.542 / $2.365

24h Volume:

CAKE: 9.57M

USDT: $23.33M

Category: DeFi

🔑 Key Technical Levels

TypePriceNotesResistance$2.54224h high; key breakout levelResistance$2.511Pre-breakout supply areaSupport$2.421Current price zone, minor supportSupport$2.389Local base before last push upSupport$2.36524h low; critical defense

📉 Trade Scenarios

🔁 Pullback Long

Entry: $2.38–$2.40

Target 1: $2.50

Target 2: $2.54

Stop-Loss: $2.36

Look for buyers to step in near the $2.39–$2.40 level if there's a minor dip.

🔼 Breakout Long

Entry: Break and hold above $2.55

Target 1: $2.68

Target 2: $2.75

Stop-Loss: $2.50

A confirmed breakout above $2.542 opens the door to fresh upside momentum.

🔻 Breakdown Risk

Entry: Breakdown below $2.36

Target 1: $2.30

Target 2: $2.22

Stop-Loss: $2.38

If $2.365 fails, the structure turns bearish with downside risk.

🧭 Summary

CAKE is hovering just above support, with the next breakout zone at $2.54–$2.55.

Watch for support entries near $2.39 or a breakout retest above $2.55.

Break below $2.36 invalidates bullish bias.

Would you like this added to your active token tracking list?

#CUDISBinanceTGE #BinanceAlphaAlert #MyCOSTrade #Write2Earn! #Cake