$CAKE /USDT – Short Setup Incoming
PancakeSwap ($CAKE) is showing signs of bearish pressure after failing to hold above $2.60. Sellers are gaining control with declining volume and a lower high pattern.
Entry Zone: 2.57 – 2.59
Target 1: 2.50
Target 2: 2.42
Stop Loss: Above 2.63
A confirmed breakdown below $2.53 could trigger more downside. Watch for momentum and volume signals before entry.