🚨 $CAKE/USDT Surging – Bullish Breakout in Play! 🚀
CAKE has surged to $1.662, showing strong upward momentum. After a bounce from $1.545, it’s now aiming for a breakout if resistance levels hold. Let’s break it down!
📊 Key Levels to Watch
🔺 Resistance: $1.662 – A breakout above here could push CAKE toward $1.70 and potentially higher.
🔻 Support: $1.545 – Holding this support is crucial to avoid a pullback.
🎯 Trade Setup – Maximize the Move!
Long Entry: Above $1.662 with targets at $1.70 and $1.75.
Short Entry: Below $1.60 with downside targets at $1.55 and $1.50.
Stop-Loss: Below $1.54 to manage risk.
💡 Final Thought: CAKE needs to hold above $1.65 to maintain bullish momentum. If buyers continue stepping in, expect a push to $1.70+. However, a rejection could lead to a retest of support levels.
