📊$CAKE 15m ANALYSIS 📊
With strong bullish momentum in play and gaps below, I anticipate one of two scenarios: either a push past 2.817, which might include a brief fakeout and retracement, or a pullback toward the FVG at 2.775 before attempting another upward move. Quick reaction trades around these zones could be favorable, favoring dip buys unless 2.666 gives way, potentially leading to a deeper retracement down to 2.544.
If price breaks and holds above 2.817 with strength, the next targets could be 2.862 and potentially the major resistance at 2.880.
Should price fail to sustain above 2.775, monitor 2.666 or 2.544 for possible long entries.
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