#CAKE
Today let's talk about cake, a coin that I've held for quite a while. There was a project before that was staking to mine cake, and I participated in it. A friend has been recommending it to me, but later he went silent, haha. To be honest, my position in cake is not low; a part of my holdings is quite high. I'm still adding at the 3.9 level and buying at the 2nd floor level, but I personally think there is still room for cake.
Yesterday, there was news that Trump would be entering Binance exchange, causing BNB to fluctuate wildly. If he successfully enters, the control of the exchange will inevitably change hands. To break free from the control, CZ will certainly need to shift the focus towards decentralized exchange pancakes, and CAKE should have significant upward potential in the future!
As shown in the daily chart, this coin's MACD fast and slow lines are preparing to golden cross, KDJ golden cross, trading volume is increasing, and the K-line shows a double bottom structure. Now is a good buying position, and we can gradually accumulate at lower prices!
Personal suggestion:
Entry point: 1.4-1.6
Take profit point: 2.9-3.4
Stop loss point: 1.2
Holding period: 16 weeks
Exchange: coin
