๐Ÿš€ CAKE/USDT โ€“ Long Setup: Channel Support Rebound

โฐ 1-Hour Chart โ€“ Bullish Reversal from Lower Channel

๐Ÿ“ Current Price: $2.382

๐ŸŸข Buy Zone: $2.34 โ€“ $2.38

(Bounced perfectly off ascending channel support with strong bullish candles and rising volume)

๐ŸŽฏ Targets:

TP1: $2.87

TP2: $3.56

TP3: $4.68

๐Ÿ›‘ Stop Loss: $2.28

๐Ÿ“Œ Setup Insight:

CAKE respected the lower boundary of its upward channel and showed aggressive buyer response after the sharp sell-off. Volume spike and immediate recovery suggest momentum back toward mid and upper channel resistance.

๐Ÿ”” Confirmation Tip: Ideal confirmation would be a 1H candle closing above $2.39 with sustained bullish volume.