$CAKE /USDT - Bullish Breakout or Pullback? 🚀
📊 Current Price: $3.002 (+54.74%)
🔥 Key Levels:
Support: $2.800 – A strong demand
Resistance: $3.200 – A breakout level for further upside
📈 Long Setup (Bullish Trade):
Entry: $2.950 - $3.000 (On pullback)
Take Profit Targets:
TP1: $3.200
TP2: $3.350
TP3: $3.500
Stop Loss: Below $2.850
📉 Short Setup (Bearish Trade):
Entry: $3.150 - $3.200 (If rejection at
resistance)
Take Profit Targets:
TP1: $3.000
TP2: $2.850
TP3: $2.700
Stop Loss: Above $3.250
📈 Market Insight: CAKE is showing strong
momentum after a significant rally. If it breaks and holds above $3.200, we could see a continuation towards $3.500. However, a failure to hold could bring a retracement back to key support.
💡 Pro Tip: Watch for volume confirmation at $3.200—if buying pressure increases, this could signal another leg up!
