The current price of CAKE is 1.61. From the chart, it can be seen that since last month, its price trend has shown a downward trend. However, it seems to have warmed up recently and is beginning to show signs of an increase. If it can effectively break through the resistance level of 1.66, the possibility of a subsequent rebound will increase, and it may be a good time to consider entering the market. It is recommended to set the stop-loss point at 1.47, while closely monitoring market dynamics, remaining flexible in response, and not letting pessimistic emotions affect judgment. The above analysis is for reference only!
