#Cake

CAKE Daily Chart

The BSC chain has been very active these past couple of days, with the gainers list basically dominated by meme coins from BSC!

Let's position ourselves in CAKE spot trading, as it hasn't started to rise yet. It has touched the lower edge of the daily wedge channel and is starting to rebound. The current price can be used for an initial position, with additional purchases near the trend line below! First, look for resistance at the trend line around 2.8. If it breaks and holds, then we can aim for the range of 4-4.2!