๐ $CAKE /USDT โ Bullish Breakout Setup ๐
PancakeSwap ($CAKE ) is holding steady after dipping to $2.60 and rejecting lower levels. Bulls are eyeing a breakout if price reclaims momentum above near-term resistance.
๐ Key Levels
Support: $2.60 (strong base)
Resistance: $2.69 โ $2.76 (breakout hurdle)
๐ Trade Setup
Entry Zone: $2.62 โ $2.64 (accumulation range)
Stop Loss: $2.58 (below key support)
Targets:
๐ฏ Target 1: $2.69
๐ฏ Target 2: $2.73
๐ฏ Target 3: $2.76+ (bullish breakout confirmation)
๐ Market Sentiment
Buyers defended the $2.60 floor, signaling strength. A clean move above $2.69 could trigger momentum, while reclaiming $2.73 opens the path to retest $2.76 highs. Market sentiment leans positive, with traders watching for follow-through volume.
#FOMCMinutes #BinanceHODLerPLUME #ETHInstitutionalFlows #CryptoRally