$BAKE
USDT – BEARISH FREEFALL CONTINUES, NO SIGNS OF BULLISH REVERSAL YET! 🔻
$BAKEUSDT is down sharply by -9.85%, currently trading at $0.0760. The chart shows a consistent downtrend with strong bearish candles and minimal bullish reaction, highlighting seller dominance.
🔑 Key Levels:
Support: $0.0752 – 24h low and immediate support
Resistance: $0.0800 – minor resistance from previous consolidation
Current Price: $0.0760
🎯 Trade Setup:
SHORT ENTRY:
Entry Zone: $0.0765 – $0.0775
Take Profit 1: $0.0755
Take Profit 2: $0.0740
Stop Loss: $0.0785
📊 Market Outlook:
Momentum is extremely bearish with price forming new lows and failing to hold any bullish structure. If $0.0752 support breaks, further downside towards $0.0740 is likely. Only a clean breakout above $0.0800 will neutralize this bearish bias.
⚠️ Risk Management:
Enter shorts only on confirmation candles below support zones. Always use strict SL to protect capital, risk only 1-2% per trade, and maintain strong psychological discipline to survive high volatility setups.
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