$CAKE/USDT

Current Price: $2.837 (+8.4%)

Key Levels:

Support: $2.750 – A solid demand zone providing stability.

Resistance: $2.900 – Key level to monitor for a potential breakout.

Bullish Setup

Entry Zone: $2.780 - $2.820 (On a slight pullback)

Take Profit Targets:

TP1: $2.900

TP2: $2.950

TP3: $3.000

Stop Loss: Below $2.740

Bearish Setup

Entry Zone: $2.900 - $2.950 (If rejection at resistance)

Take Profit Targets:

TP1: $2.820

TP2: $2.750

TP3: $2.680

Stop Loss: Above $3.000

Market Insight:

CAKE has displayed strong momentum, bouncing off support and now approaching the key resistance at $2.900. A breakout above this level could trigger a continued rally, while failure to break might result in consolidation or a pullback.

Pro Tip: Keep an eye on volume at $2.900—if buying pressure increases, a move above $3.000 is possible.

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