CAKE/USDT: Breakout Momentum Building?
CAKE is displaying strong upward momentum after recovering from the $2.803 zone. With a solid +3.49% daily gain and consistent higher lows on the 1D chart, the price is gaining traction. It recently broke through $2.904, suggesting a potential breakout is in play.
Trade Setup – Long Opportunity
Entry Zone: $2.910 – $2.930
Stop Loss: Below $2.880
TP1: $2.960
TP2: $2.990
TP3: $3.020 (extended target)
Market Insight:
Volume is increasing, and buyers are taking control. As long as CAKE holds above $2.904, the uptrend could gain further strength. Watch the next 1D candle for confirmation#InsightBulletin