Who got $CAKE ??? let's buy/sell it according to the buy/sell zones mentioned here.
CAKE Trade Plan: Potential Bullish Continuation
*Market Analysis*
- *Current Price:* 1.809
- *Market Sentiment:* Bullish
*Key Levels*
- *Resistance:* 1.850, 1.900, 1.950
- *Support:* 1.750, 1.700, 1.650
*EMA Analysis*
- *Short-Term EMA (50):* 1.790
- *Medium-Term EMA (100):* 1.760
- *Long-Term EMA (200):* 1.730
- *EMA Trend:* Bullish (short-term EMA above medium-term and long-term EMAs)
*Trendline Analysis*
- *Uptrend Line:* Connecting recent higher lows (1.700, 1.750)
- *Downtrend Line:* Connecting recent lower highs (1.850, 1.900)
*Buy/Sell Zones*
- *Buy Zone:* 1.750 - 1.780 (support zone and uptrend line confluence)
- *Sell Zone:* 1.850 - 1.880 (resistance zone and downtrend line confluence)
*Trade Setup*
- *Entry:* 1.770 - 1.800 (buy on dip in the buy zone)
- *Targets:*
- *Target 1:* 1.850
- *Target 2:* 1.900
- *Target 3:* 1.950
- *Stop Loss:* 1.700
Click here $CAKE or click on the chart to buy
*Trade Plan Scenarios*
- *Bullish Scenario:* CAKE breaks above 1.950, targeting 2.000 and higher.
- *Bearish Scenario:* CAKE breaks below 1.650, targeting 1.600 and lower.
*Trade Plan Exit Strategies*
- *Take Profit:* Exit the trade when Target 3 (1.950) is reached.
- *Stop Loss:* Exit the trade if the price breaks below 1.700.
- *Trailing Stop:* Consider setting a trailing stop to lock in profits as the trade moves in your
*Pro Tips*
- Monitor for a confirmed breakout above 1.850 to target higher levels.
- If price consolidates around 1.800 and breaks out, it can accelerate towards 1.900.
- Keep an eye on market sentiment and adjust your trade plan accordingly.
- Set a trailing stop to lock in profits and minimize potential losses.
- Consider scaling out of the trade as targets are reached to secure profits.
I would highly encourage you to start your trade(buy/sell Cake) from my post, simply hitting here. → $CAKE
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