$CAKE /USDC ā BEARISH CONSOLIDATION NEAR SUPPORT š°ā ļø
is trading at 2.222, hovering just above key support at 2.209. The price failed to break above 2.256 resistance, indicating weakness. A breakdown below support may trigger further downside towards the 2.150 demand zone.
š Key Levels:
š¼ Resistance: 2.256 / 2.300
š½ Support: 2.209 / 2.150
š Short Trade Setup:
Entry: 2.220 ā 2.230
TP1: 2.180
TP2: 2.150
SL: 2.260
Leverage: 5xā10x
āļø Risk Management:
Limit risk to 1ā2% per trade š¼. Use stop-loss and trail after TP1 hits to secure profits š. Avoid overtrading in range-bound conditions.
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