$CAKE USDT BULLISH BREAKOUT LIKELY – LONG ENTRY OPPORTUNITY

The recent price action of CAKE/USDT shows strong bullish momentum with a notable recovery from the $2.63 support zone, pushing higher with increasing volume. The breakout above short-term resistance signals growing buyer strength.

TECHNICAL OUTLOOK

Support Levels: $2.63 – $2.75

Resistance Levels: $3.02 – $3.05

Trend Bias: Bullish continuation as long as price sustains above $2.75

TRADE PLAN

Entry (Long): Above $2.90–$2.95

Targets (TP): $3.05 / $3.25 / $3.50

Stop Loss (SL): Below $2.74

RISK MANAGEMENT

Risk only 1–2% of total capital per trade. Use trailing stop after TP1 to secure profits and minimize downside exposure.

Would you like me to also create a bearish alternative scenario in case the breakout fails, so the post looks balanced for traders on both sides?

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