/USDT – Bearish Momentum Continues 🚨

CAKE$CAKE

2.507

-3.13%

$CAKE is currently trading at $2.506, down -3.28% as selling pressure intensifies. The recent high at $2.658 was rejected sharply, pushing the price to a low of $2.493.

Sell Setup

Entry Zone: $2.510-$2.520

Targets:

T1: $2.480

T2: $2.450

T3: $2.420

Stop Loss: $2.560

Market Insights & Pro Tips

Watch Breakout: A move below $2.493 could accelerate selling pressure towards lower targets.

Resistance Zone: Strong resistance at $2.658, which must be broken for any bullish reversal.

RSI & Volume: RSI is trending lower, selling volume is increasing, indicating bearish momentum.

🔥 Warning: Watch for any false breakouts. If the support level at $2.493 holds, a short-term bounce is possible.#CAKEUSDT#CryptoTrading#Binance#ShortSetup #BearishTrends