📉 $CAKE /USDT – Recovery Attempt After Sharp Drop

$CAKE is trading at 2.597 (-3.81%), bouncing from the 2.525 low after a sell-off from the 2.708 high. Buyers are stepping back in, forming a short-term recovery channel.

📌 Key Levels:

Support: 2.525 – 2.540

Resistance: 2.630 – 2.700

Breakout Trigger: Close above 2.630

📈 Entry Strategy:

Accumulation is favorable near 2.560 – 2.590, while a confirmed move above 2.630 could invite stronger bullish continuation.

🎯 Targets:

🎯 TP1: 2.630

🎯 TP2: 2.680

🎯 TP3: 2.708

⛔ Stop Loss: Below 2.525 for risk management.

💡 Pro Tip: Watch momentum near 2.630—a strong breakout could shift $CAKE back toward the 2.70+ range quickly.