$CAKE
🎯 Entry & Exit Strategy for Today
✅ If You're Looking to Buy Today
1. Ideal Entry: Use a limit order at $2.00–2.05 to respect recent support levels.
2. Confirmation Condition: Watch for bounce off support or a break above EMA 50 (~$2.20).
3. Risk Control:
Stop‑loss near $1.95 (just below recent lows).
Start with a small allocation and scale in if the price moves favorably.
🎯 If You're Considering Selling (Closing)
1. Initial Target: $2.20–2.30, aligning with short-term resistance.
2. Stretch Target: If market improves, consider exiting near $2.50–2.60.
3. Use limit sell orders just below your targets to lock in gains.
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📈 Outlook: What to Watch
Bullish trigger: A breakout sustained above $2.30, paired with broader crypto recovery.
Bearish trigger: Crack below $2.00, with further drop possibly testing $1.80–1.90.
Macro risks: News-driven volatility (e.g., regulatory updates, Bitcoin movements) can align CAKE with broader crypto swings.
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📝 Today's Game Plan
Entry recommendation: Place a limit order at $2.05, with a stop-loss at $1.95.
Position sizing: Start small (~50% of intended exposure), and add if price shows signs of rebound.
Plan your exits:
Partial take-profit at $2.20.
Consider taking more off at $2.30+ if positive momentum builds.