š $CAKE ā SWEET CLIMB AS PRICE FLIRTS WITH $2.51! šš
$CAKE is stirring up bullish appetites again, rising +1.16% to $2.51 after bouncing back from its low of $2.409. The 15-minute chart is showing a clear upward impulse, though momentum is starting to stall just below the key $2.50 resistance ā a historically sticky level that has rejected price action in recent sessions. ā ļøš
Bulls are trying to bake in a breakout, and if it can close convincingly above $2.50, we could see a sharp extension toward the $2.53ā$2.55+ range. However, a bit of sideways movement or minor pullback is expected before the next launch ā especially if volume picks up again. šš
š§ Why It Matters:
$2.51 has acted as both a magnet and ceiling
Consolidation near resistance = potential breakout fuel
Volume + price action alignment could trigger a strong continuation move š
š Trade Setup
š° Entry Zone: $2.40 ā $2.42
šÆ TP1: $2.48 ā Initial breakout target
š TP2: $2.51 ā Next bullish target zone
šÆ TP3: $2.54 ā Final breakout target
š Stop-Loss: Below $2.38 ā Protects against false breakout
š Pro Tip: Keep a close eye on volume around $2.50 ā breakout confirmation needs a strong push. If $CAKE breaks clean, this setup could be a sweet reward. š¬š