CAKE is slipping beneath the 3% swing‑low, eyeing the 1.78 resistance zone. Momentum is turning bearish as sellers dominate the order flow.
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$CAKE SHORT 📉 — Trade Plan
• Entry: $2.1085 – $2.1127
• Stop: $2.1739 (-3.0%)
• Target 1: $2.0789 (+1.5%)
• Target 2: $2.0051 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A change of character broke the bullish structure at 1.78, and the CVD turned sharply negative, confirming the sell pressure. The fair value gap from the 2.02 rally aligns with a bearish order block, while a liquidity sweep ate the last 0.5% of buying. POI confluence of the OB and FVG cements the short bias.
The 3.0% stop is relatively tight, so a max of 3‑4x leverage keeps risk in check.
Take half profit near the first target around 1.70 to lock in the initial R.
As always: manage your risk, this is not financial advice 🙏
$CAKE #CAKEUSDT #BinancePick #TradingSignals #Write2Earn