$BAKE /USDT ā Mid-Cap Accumulation at Oversold Levels ššā”ļøš
A purchase of $3.77K at $0.081 signals tactical accumulation at a long-term support level.
$BAKE is trading near historically oversold conditions, and this volume spike may indicate early-stage positioning for a potential reversal or range breakout.
š Technical Snapshot:
Accumulation Price: $0.081
Order Size: $3.7741K
Immediate Resistance: $0.0865 ā Short-term breakout level
Major Resistance: $0.0950 ā Range high
Support Base: $0.0780 ā Historical low & liquidity zone
āļø Trade Setup (Reversal/Range Play):
Entry Range: $0.0805 ā $0.0815
Stop Loss: $0.0760
Profit Targets:
šÆ TP1: $0.0868
šÆ TP2: $0.0925
šÆ TP3: $0.0978
š” Pro Tip: Look for confirmation via bullish divergence or reclaim of $0.0865 with above-average volume.
Given its deep discount structure, $BAKE could see a strong bounce if short-term sentiment flips risk-on.