Big $CAKE
Short Liquidation – What’s Next?
The recent short liquidation of $7.21K at $3.02152 has created an interesting situation for $CAKE (PancakeSwap). Let’s break it down and see what could happen next.
Current Market Situation
A big short got liquidated → This means sellers are getting trapped.
Price at $3.02152 → A key level where the market reacted.
Possible short squeeze? → If more shorts get trapped, the price could rise quickly.
CAKE Buy Zone, Target & Stop-Loss
Buy Zone (Best Price to Enter)
$2.95 - $3.05 → This is a strong support area. If the price stays above it, we may see an uptrend.
Target (Profit Goals)
Target 1: $3.30 → First resistance level.
Target 2: $3.50 → Strong breakout level.
Target 3: $3.75 → Major bullish target.
Stop-Loss (Risk Management)
Below $2.85 → If the price falls below this level, it could go lower. A stop-loss here protects your funds.
What Could Happen Next?
If CAKE Holds Above $3.00:
Bulls might push the price higher.
More short liquidations could fuel a rally.
If CAKE Drops Below $2.95:
Bears might take control.
Possible drop to $2.75 or lower.
Final Thoughts
Watch $3.00 closely – This is the key level.
If price moves up with volume, expect a strong rally.
Use stop-loss to protect your investment.
Would you like a chart for better analysis?
