🍰 $CAKE
/USDT – Slipping Below Support! Can the Bulls Bake a Recovery?
$CAKE is trading at $2.22, down 5.40%, touching its 24h low of $2.220. It’s now trading below all major moving averages, confirming bearish pressure:
MA(7): 2.247 | MA(25): 2.313 | MA(99): 2.372
📊 Technical Overview:
– Strong rejection from $2.402
– Support now sits at $2.20 – $2.22
– A break below $2.20 may open downside toward $2.08
– Volume remains strong: 7.29M CAKE | 16.80M USDT, showing active trading interest
📉 Short-Term Trade Plan:
Entry: $2.20 – $2.23
TP1: $2.28
TP2: $2.34
SL: $2.13
📈 Long-Term Trade Plan:
Entry: $2.15 – $2.22
TP1: $2.40
TP2: $2.55
SL: $2.05
This is a high-alert zone. If buyers hold $2.20, we could see a technical rebound — otherwise, prepare for deeper correction.
