Trade Signal For $CAKE USDT*
▪︎ Leverage: 3x - 8x (volatility is moderate-high)
▪︎ Trade Type: Long 📈
▪︎ Current Price: $2.831
¤ Entry
Aggressive: $2.75 – $2.85
Safe: Wait for breakout >$3.00
¤ Take-Profit
1. $2.94
2. $3.17
3. $3.30
▪︎ Stop-Loss: $2.50
▪︎ Emergency SL: $2.30
¤ Levels
Support:
1. $2.75 (recent pullback area)
2. $2.50 (psychological level if deeper correction)
Resistance:
1. $3.00 (key psychological barrier)
2. $3.20 (next potential breakout zone)
¤ Indicators
Trend:
° ADX (assumed moderate-to-strong trend)
° MA(10/20/50/200) [Bullish] (price is above all major MAs)
Momentum:
° RSI [69.46] (neutral, nearing overbought)
° CCI [176.26] (overbought territory)
MACD:
Negative MACD line (-0.06689), but overall bias remains bullish due to price > MAs
¤ Volatility:
ATR (likely moderate-high)
¤ Strategy
▪︎ Enter only if the price either holds the $2.75–$2.85 zone (aggressive) or breaks above $3.00 with strong volume (safe).
▪︎ Max risk 1–2% capital. Use OCO orders to manage TP/SL.
▪︎ Exit early if RSI/CCI show strong reversal (e.g., RSI above 75 or sudden bearish divergence).
》 Probability: ~70% success (bullish trend, but near overbought levels)
¤ Reward/Risk: 3:1
*Not financial advice. Trade responsibly and monitor for sudden volatility changes.
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