🔎 Chart Analysis (CAKE/USDT)
1. 4H Chart (Short-Term)
Price bounced strongly from $2.42 → $2.96.
Volume is rising → buyers are strong.
Current price $2.91 is close to resistance $2.96.
👉 Possible small pullback before the next move up.
2. 1D Chart (Medium-Term)
Price broke out from $2.33 and is now near $2.90.
Strong daily green candle = bullish momentum.
Next resistance zone: $3.00 – $3.20.
3. 1M Chart (Long-Term)
Price reversed from $1.05 and making higher lows.
Bigger resistance is around $3.70 – $4.00.
👉 Long-term trend looks positive.
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📊 Trading Strategy
✅ Long (Buy) Setup
Entry Zone: $2.75 – $2.85 (best if small dip comes).
Target 1: $3.00
Target 2: $3.20
Target 3 (swing): $3.70
Stop Loss: $2.62
⚡ Breakout Trade: If price breaks and holds above $2.96, fresh long entry possible.
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❌ Short (Sell) Setup (only aggressive traders)
Short only if price fails at $2.96 (rejection candle).
Entry: $2.95 – $2.96 rejection.
Target: $2.75 – $2.65
Stop Loss: $3.05
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📝 Final View
Trend = Bullish overall.
Best option = Go Long on dip or breakout.
Short trade only for quick profit if $2.96 fails.