๐ CAKE/USDT โ Long Setup: Channel Support Rebound
โฐ 1-Hour Chart โ Bullish Reversal from Lower Channel
๐ Current Price: $2.382
๐ข Buy Zone: $2.34 โ $2.38
(Bounced perfectly off ascending channel support with strong bullish candles and rising volume)
๐ฏ Targets:
TP1: $2.87
TP2: $3.56
TP3: $4.68
๐ Stop Loss: $2.28
๐ 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.
๐ Confirmation Tip: Ideal confirmation would be a 1H candle closing above $2.39 with sustained bullish volume.