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Shayan832
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$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