$CAKE : Momentum or Bull Trap?
• Entry: Price just surged past the equal highs (EQH) and is approaching $1.90. A pullback into the $1.70–$1.60 range could offer a strong buying opportunity.
• Invalidation: If price drops below $1.50, the market structure breaks—cut losses and move on.
• Target: If it clears the previous weekly high (PWH), $2.20+ is in play. However, if rejection occurs, shorts could come into focus.
• Confluence: Liquidity grab above EQH, clean breakout, and increasing trend momentum.
• Playbook: Ideal sniper entry would be a successful hold at $1.70. If the price continues climbing, re-entry should only be considered after a proper retest.
