$CAKE /USDT
๐งพ Market Snapshot
Current Price: $2.359
24h Change: +3.97% (bullish bias)
24h High: $2.363
24h Low: $2.251
24h Volume:
CAKE: 4.04M
USDT: $9.32M
Category: DeFi
Exchange: Binance
๐ Key Technical Zones
โ Support
S1: $2.31 โ $2.32 (minor pullback zone)
S2: $2.25 (24h low โ stronger support)
S3: $2.18 (weekly swing low)
๐ผ Resistance
R1: $2.363 (24h high, current ceiling)
R2: $2.42 โ $2.45 (next leg-up zone)
R3: $2.58 (historical resistance level from previous uptrend)
๐ Technical Insight
Currently at the edge of resistance ($2.363).
Price is pushing higher with moderate strength and good volume.
Holding above $2.33โ$2.31 would confirm strength for a possible breakout.
๐ง Trade Setups
๐ข Pullback Long
Entry: $2.31 โ $2.33
Target: $2.36 โ $2.42
Stop Loss: $2.25
Ideal for: Buying the dip before continuation
๐บ Breakout Entry
Entry: $2.37+ (above resistance zone)
Target: $2.45 โ $2.58
Stop Loss: $2.31
Volume Confirmation: Watch for a 1h candle close + volume spike
๐ป Scalp Trade
Entry: $2.34 โ $2.36
Exit: $2.36 โ $2.38
Stop Loss: $2.30
Timeframe: 15mโ1h, ideal for short-term traders
โ ๏ธ Risk / Momentum Notes
A break below $2.31 could trigger retest of $2.25 or lower.
DeFi tokens like CAKE can retrace fast in low liquidity โ use tight stops.
Watch BTC and BNB for broader DeFi momentum confirmation.
โ Summary Table
Trade TypeEntry PriceTarget RangeStop LossPullback Long$2.31โ$2.33$2.36โ$2.42$2.25Breakout Buy$2.37+$2.45โ$2.58$2.31Scalp Trade$2.34โ$2.36$2.36โ$2.38$2.30
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