#bake $BAKE
🚀 Buy Low, Hold High
BAKE is now at a low point (~$0.068), making it a potential buy opportunity. Buying when prices are low and holding until higher targets can help your assets grow 🤑
🎯 Support & Resistance
Support area (price floor): $0.093–$0.094 — good buy zone if price bounces here
Resistance area (price ceiling): $0.098–$0.101 — aim to sell near this zone first; a bigger target is $0.29 long‑term
⏳ Holding Period
Short‑term: few days to a week (scalp bounce)
Medium/long‑term: hold for months or even years until major targets like $0.29 or higher
📉 Trade Idea
Buy at ~$0.068 → Sell at ~$0.098–$0.100 – Stop‑loss under ~$0.093
🎉 Overall
Buy near support, sell near resistance, hold for growth. Add emojis and simple words to track your plan!
🔍 What’s best for short trade?
Scalp the bounce: buy around $0.094, target $0.098–$0.100, use a tight stop below $0.093.
📊 Fundamental vs Technical Analysis
Fundamental Analysis: Looks at project value
BakerySwap utility, token use, DeFi growth.
Technical Analysis: Uses charts support, resistance, indicators like RSI, MACD, moving averages.