$BAKE
USDT – Short Trade Signal
Current Price: $0.1119
🔒 Spot Traders: Avoid fresh longs after +210% move. Wait for a reset or consolidation.
📉 Futures Trade Setup:
Entry Zone: Below $0.1100 – $0.1050
Target 1: $0.0960 (local support / VWAP zone)
Target 2: $0.0840 (retracement from parabolic breakout)
Target 3: $0.0725 (gap-fill / demand zone)
Stop Loss: Above $0.1280 (intraday resistance / failed retest level)
⚠️ Analysis:
$BAKE exploded from $0.0349 to a high of $0.2185 — a +500% intra-day rally — before giving back most gains, now trading at $0.1119, under MA60 ($0.1203) and showing heavy volatility. Volume remains high, but the price is unable to hold above key moving averages, suggesting exhaustion in the move.
Indicators like MACD and RSI are cooling off from extremely overbought territory. If price fails to hold $0.1100, a cascade of profit-taking could follow. A retest of the $0.08–$0.09 range appears likely if bulls lose grip.
