๐ท $BAKE
โ BAKEUSDT (Perpetual Futures)
Price: $0.0902
Change (24h): -8.43%
Status: Sharp rejection โ Bearish momentum active
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๐ Key Trading Data:
24h High: $0.1000
24h Low: $0.0880
Mark Price: $0.0902
24h Vol (BAKE): 123.85M
24h Vol (USDT): $11.67M
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๐ Support & Resistance Levels:
Immediate Resistance: $0.0927
Major Resistance Zone: $0.0953โ$0.1000 (supply area & failed breakout)
Support 1: $0.0880 (24h low)
Support 2: $0.0874
Key Breakdown Zone: Below $0.0850 (would be a multi-day low)
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๐ Volume & Moving Averages:
Current Vol (15m): 6.27M
MA(5): 15.02M
MA(10): 8.95M
๐ธ Recent volume spiked and then fell off, showing distribution at the top and possible shift toward bearish continuation.
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๐ง Technical Insight:
BAKE saw a rejection at $0.10, a psychological and technical barrier. Current structure is bearish, trading near the lows of the day with no clear bounce yet. This suggests either continuation to $0.087โ0.085 or a weak range-bound attempt if bulls defend this area.
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๐ฏ Trade Ideas:
๐ป Breakdown Short Play:
Entry: $0.0895โ$0.0900
TP1: $0.0870
TP2: $0.0840
SL: $0.0925
๐ Countertrend Scalping Long (High Risk):
Entry: $0.0875โ$0.0880
TP: $0.0910
SL: $0.0855
(Only valid if signs of bottoming appear: long lower wick, bull divergence)
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๐ Summary:
$BAKE is showing short-term weakness, with heavy rejection from $0.10 and volume tapering off. Trend favors bears unless it reclaims $0.095+ with conviction. Strong supports are not far, but without momentum shift, downside pressure likely continues.
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โก๏ธ Bias: Bearish (short-term) โ Potential continuation to $0.087/$0.085 zone unless momentum reverses
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