$CAKE

🍰 $CAKE Price Alert: Sweet Opportunity or Bitter Drop?

Current Price: $2.274 (+1.55%)

📊 Multi-Timeframe Analysis

🎯 Critical Price Zones

Type

Price

Significance

▶ Support

$2.10

Strong historical floor

▶ Resistance

$2.40

Breakout = Bullish momentum

▶ Strong Resistance

$2.60

Previous swing high

⚔️ Trading Strategy: Long vs Short

📈 LONG Trade Setup (Buy the Dip)

✅ Trigger:

Bounce from $2.20 with increasing volume

BTC holding key support & altcoin market recovery

🎯 Targets:

Short-Term: $2.35

Swing Trade: $2.50-$2.60

🛑 Stop-Loss: $2.08 (Daily close below support)

📉 SHORT Trade Setup (Aggressive Play)

✅ Trigger:

Breakdown below $2.10 with strong volume

Bearish BTC momentum

🎯 Targets:

First Target: $2.00

Second Target: $1.85

🛑 Stop-Loss: $2.25 (Above recent swing high)

reduction in CAKE supply by 2030 through its

🚨 Risk Management Tips

✔ Use 1-3% position sizing per trade

✔ Wait for confirmation candles at key levels

✔ Watch BTC correlation (50%+ influence)

📌 Final Call

🔵 Long-Term: Accumulate near $2.10-$2.00

🔴 Short-Term: Trade range between $2.10-$2.40

⚡ High Risk: Only short if $2.10 breaks decisively

[📉 Live Chart] | [🔍 CAKE Metrics] | [🌐 PancakeSwap News]

(Ultra-modern format with clear triggers, targets & risk management!) 🚀

Deep Research