$CAKE /USDT Trade Setup 🔥

📌 Current Price: $1.387

📍 Support & Resistance:

Resistance: $1.420 – $1.450

Support: $1.350 – $1.370

🎯 Trade Plan:

🔵 Buy Entry: $1.350 – $1.370

Targets:

✅ TP1: $1.400

✅ TP2: $1.450

✅ TP3: $1.500

🔴 Sell Entry: $1.420 – $1.450

Targets:

✅ TP1: $1.380

✅ TP2: $1.350

✅ TP3: $1.300

📉 Stop-Loss:

Buy SL: $1.330 (Below strong support)

Sell SL: $1.470 (Above resistance)

📝 Market Context:

$CAKE is showing bearish pressure below $1.420. A rejection at this level can trigger a further drop. However, if price holds above $1.350, a reversal towards $1.450 is possible.

⚠️ Risk Management: Keep a 2-3% risk per trade. Always use stop-loss to protect capital.

💡 Pro Tip: Wait for a strong rejection at resistance before shorting. For long positions, look for a bounce from support with high volume.

🚀 Next Move:

If

CAKE breaks $1.450, expect a push to $1.500.

If it drops below $1.350, further downside to $1.300 is likely.

Stay sharp, trade smart! ✅

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