$CAKE USDT – SWEET RALLY STALLS! BEARS PREP FOR DESSERT 🍰🔻

After hitting $2.771, $CAKE faced a strong rejection and is now trading around $2.697. Price action on the 1H chart shows clear signs of exhaustion — back-to-back red candles, failure to break the high, and rejection from supply zone indicate that the bulls are cooling off. A short-term pullback is likely underway, and bears may take control if price dips below key support.

🔻 SHORT TRADE SETUP (1H Timeframe):

Entry Zone: $2.690 – $2.705

Resistance: $2.770

Support Zone: $2.640

Stop Loss: Above $2.775

🎯 Targets:

‣ TP1: $2.660

‣ TP2: $2.630

‣ TP3: $2.590 (final target)

📉 Market Outlook:

$CAKE surged over +5% today, but the rally is showing fatigue. If price breaks below $2.680 with rising volume, expect acceleration toward lower support zones. Short bias remains valid unless price reclaims and closes above $2.775 with strength.

🔍 Monitor volume closely — increasing red bars can signal stronger downside follow-through.

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buy and trade here on $CAKE