$BAKE Technical Analysis:
$BAKE has been in a downtrend since December 2024, making lower highs and lower lows. But in early February, things started to change as buyers stepped in strongly at a key demand zone, causing a big bullish move and breaking the previous market structure.
Right now, the price is pulling back in a healthy correction, moving into an important Breaker Block / Fair Value Gap area. The green zone on the chart is important because it used to be a supply zone but has now turned into demand. It also lines up with key Fibonacci retracement levels, making it a strong area for a possible bounce and move higher.
Note: A Higher time frame break and close below this level would invalidate bullish continuation and open downside risk.
