๐ฅ **CAKE Technical Breakout Incoming!** ๐ฅ
**Current Situation:**
CAKE is consolidating within a **tight triangle pattern**, setting the stage for a potential explosive move. The market is coiling up, and a decisive breakout could be on the horizon!
**Key Levels to Watch:**
**Support:** **$2.50โ$2.55** โ A strong foundation where a bounce is highly anticipated, offering a prime entry point for savvy traders.
**Resistance:** **$2.80โ$2.84** โ The critical zone that, if broken, could trigger a rapid rally and new highs!
**Trading Opportunity:**
๐น **Long Entry Near Support:** Consider opening a long position around the support area, targeting a bounce higher.
๐น **Breakout Watch:** A decisive move above resistance will confirm the next leg of the bullish trend, potentially leading to significant gains!
**Why Now?**
The pattern suggests a classic setup: a **consolidation before a big move**. Patience and precision in entry could pay off handsomely. Keep an eye on volume and candle closes at these levels for confirmation!
๐ **Get ready for action โ CAKEโs next move is about to unfold!**
Support Area: $2.50-$2.55
Resistance Area: $2.80-$2.84