📉 $CAKE /USDT – Bearish Pressure Emerging
💰 Current Price: $2.28 (+1.87%)
🔺 24h High: $2.306
🔻 24h Low: $2.239
📊 Volume: 1.93M CAKE | $4.40M USDT
🔍 Market Insight:
Despite a slight price recovery, CAKE is showing signs of weakness below resistance at $2.30. Volume is thinning, and the price is struggling to hold intraday gains. A breakdown below $2.26 could open the door for deeper pullback.
📉 Trade Setup – Short Idea:
Entry Zone: $2.27 – $2.29
Stop Loss: Above $2.31
Target 1: $2.21
Target 2: $2.17
Target 3: $2.09