$CAKE /USDT – STRONG RECOVERY, BREAKOUT IN SIGHT!
BULLISH ENGULFING ON 4H
RECOVERING ABOVE KEY LEVEL $2.65
$CAKE has bounced from the $2.55 support zone and is now forming a bullish continuation pattern on the 4H chart. Price is approaching the $2.70 resistance, with strong green candles and improving volume. This suggests buyers are gaining control and a breakout toward $2.80+ may follow.
Long Trade Setup
Entry: $2.68 – $2.71
Target 1: $2.76
Target 2: $2.82
Stop Loss: Below $2.62
A close above $2.70 could trigger bullish momentum. Watch the volume and candle close for confirmation. Risk-to-reward remains favorable on this setup.
