$CAKE /USDT BEARISH ALERT 🔻🍰
🔥 Current Price: $2.769
Key Levels
Support: $2.722 / $2.700 ✅
Resistance: $2.850 / $2.900 ⚡️
Trade Setup
Entry (Short): $2.780 – $2.790 💹
Take Profit (TP): $2.722 / $2.700 🎯
Stop Loss (SL): $2.850 🛑
Technical Insight
Price down -3.08% in 24h; bears dominating.
SAR above price, MACD bearish crossover confirms downtrend.
Bollinger Bands show price pushing toward lower band, indicating selling pressure.
Risk Management ⚖️
Risk 1–2% of capital per trade.
Maintain strict SL to avoid sudden reversals.
💥 Summary: CAKE is testing support at $2.722; a break below could target $2.700 next.
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