$CAKE

BULLISH SIGNAL! 🚀
Long Setup:

🔹 Entry Zone: $1.58 - $1.60

🔹 Stop Loss: $1.56

🔹 Targets:

TP1: $1.62
TP2: $1.65


Market Context:

📈 Overall Trend:

CAKEUSDT is showing signs of bullish continuation after a recent pullback. The price is making higher lows, indicating strong buyer interest.

📊 Moving Average Indicators:

🔹 The price is currently above MA 7 ($1.5948), showing short-term bullish strength.

🔹 MA 25 ($1.5828) is acting as dynamic support, reinforcing upward movement.

🔹 MA 99 ($1.5761) is a strong long-term support level.

🔍 Support & Resistance Levels:

🔹 Support: The $1.58 level is a key support zone. Holding above this level could lead to further upside.

🔹 Resistance: $1.60 is the key resistance level. A breakout above this level could push the price toward $1.65.

📈 Trading Volume:

🔹 Volume is rising (46.915K), indicating growing buying pressure, which supports further upside.

📝 Conclusion:

CAKEUSDT is showing bullish momentum, making a long entry around $1.58 - $1.60 a good opportunity. A stop loss at $1.56 ensures risk management. If the price breaks above $1.60 with strong volume, targets of $1.62 and $1.65 could be achieved.

📌 Note: Always practice proper risk management and monitor price action before entering a trade.

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