$CAKE /USDT

📊 CAKE/USDT Analysis

🔹 Market Snapshot

Current Price: $2.363

24h High / Low: $2.385 / $2.286

24h Volume: 4.89M CAKE / $11.42M USDT

Trend Bias: Neutral to Slight Bullish

📉 Key Technical Levels

ZoneTypeNotes$2.24 – $2.26Strong SupportMulti-touch zone, ideal low-risk long$2.36 – $2.45Mid-range ZoneCurrent trading range, possible reaccumulation area$2.55 – $2.66Resistance ZonePotential target if breakout occurs$2.74 – $2.76Extension TargetMedium-term breakout level

✅ Trade Options

Option A: Range Buy

Entry Zone: $2.26 – $2.36

Stop-Loss: $2.22

Take Profits:

TP1: $2.45

TP2: $2.56

TP3: $2.74

💡 Use this if price bounces off support with 1h bullish candle.

Option B: Breakout Buy

Entry: Break above $2.45 with strong volume

Stop-Loss: $2.36

Take Profits:

TP1: $2.56

TP2: $2.66

TP3: $2.76

🚀 Ideal if volume spikes and RSI crosses 60 on 4h chart.

❌ Invalidation Zone

Daily close below $2.22 signals a breakdown and invalidates bullish bias.

📋 Summary Table

ParameterValueBiasSideways with bullish leanEntry (Range)$2.26 – $2.36Entry (Breakout)Above $2.45Targets$2.45 / $2.56 / $2.66 / $2.76Stop-Loss$2.22Volume ContextSolid DeFi volume, good Binance depth

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