🚨 $CAKE Long Liquidation Alert – What’s Next?
The market just saw a $7.19K long liquidation on $CAKE at $2.49357, signaling strong bearish pressure. This indicates that long traders were forced to exit, which could drive further volatility.
📉 Buy Zone: If $2.49 holds as support, a rebound could be possible.
🎯 Targets: First target $2.55, second target $2.63.
🛑 Stop Loss: A daily close below $2.45 could trigger more downside.
📊 Analysis: Liquidations often flush out weak hands, sometimes leading to a relief bounce. However, if $2.49 fails to hold, further downside is likely. Traders should stay cautious and plan their entries wisely.
Stay updated for the next move! #CAKE $CAKE
