$BAKE
USDT BEARISH BREAKDOWN – SELLERS CONTINUE TO DOMINATE
BAKEUSDT is showing strong bearish momentum after breaking key support levels. The current price is $0.0882, down -9.54% in the last 24h. Recent candles indicate sustained selling pressure with no immediate reversal signals.
🔑 Key Levels:
Resistance: $0.0950
Support: $0.0850 (Immediate), $0.0818 (24h Low)
Current Price: $0.0882
🎯 Trade Setup (Short Entry):
Entry Zone: $0.0880 – $0.0890
Targets (TP):
TP1: $0.0855
TP2: $0.0830
TP3: $0.0818
Stop Loss (SL): $0.0920
📊 Market Outlook: BAKE is in a clear downtrend on the 1H timeframe with lower highs and lower lows. If the price breaks below $0.0850 support, further downside towards $0.0818 is expected. Short trades remain favorable until a strong reversal candle appears above $0.0950.
⚠️ Risk Management: Always use tight stop losses and risk only 1-2% of your capital per trade to protect against unexpected reversals.
💡 Comment “💥” if you caught this bearish momentum with us today!
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