🥞 $CAKE Stirring at $2.28 — Accumulation or Just a Pause?
📍 Current Price: $2.2888
📊 24H Range: $2.24 – $2.34
🔁 Trend: Sideways with a slight bullish lean
🧁 Category: DEX Token / Yield Farming
CAKE is holding above the $2.20 demand zone and is beginning to tighten into a low-volatility coil. With price now near short-term resistance at $2.32, a breakout could trigger a fast move back toward previous key levels.
📈 Buy Setup – Range Break Anticipation
Entry Zone: $2.25 – $2.30 ✅
Take Profit Targets:
TP1: $2.38
TP2: $2.50
TP3: $2.68
Stop Loss: $2.18
💡 Watch for a 4H close above $2.32 with rising volume for confirmation.
🔻 Short Setup – If Rejected at $2.34
Short Entry: $2.32 – $2.36 (if price stalls on low volume)
Targets:
TP1: $2.20
TP2: $2.05
SL: $2.39
⚠️ Only enter short if volume dies and momentum fades at top.
📊 Technical Summary:
Support Zone: $2.18 – $2.24
Resistance Zone: $2.32 – $2.50
RSI: Neutral (~50)
MACD: Flattened – gearing for volatility
Volume: Light but gradually rising
✅ Final Outlook:
CAKE is moving slowly but holding strong. If it clears $2.32 with conviction, the next leg could reach $2.50+. However, failure to break may lead to a retest of $2.18. This is a low-risk zone for patient range traders watching for breakout or bounce confirmation.
📈 Bullish Above: $2.32
📉 Bearish Below: $2.18
⚠️ Risk Level: Moderate – breakout not yet confirmed