$CAKE surged to $3.313 but encountered heavy resistance and has since reversed sharply.

The 1H chart indicates strong bearish momentum with a clean breakdown below the critical $3.00 level signaling a potential short opportunity.

Trade Setup (Short):

Entry Zone: 3.000

Entry Zone: 3.080

Target Levels:

TP1: 2.910

TP2: 2.840

TP3: 2.780

Stop Loss: 3.130

Pro Tip:

Wait for a strong 1H candle close below $2.980 to confirm further downside. Be mindful of risk — lock in profits as price moves lower.