$CAKE CAKE, the token of PancakeSwap, a popular decentraliz | Arjan23 on Binance Square

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Bearish

$CAKE CAKE, the token of PancakeSwap, a popular decentralized exchange (DEX), has been navigating a volatile market.

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Current Snapshot: Last Price: 0.074770 USDT Change: +11.02% Volume and volatility: Recent bullish momentum after a consolidation phase 🔍 Support & Resistance Levels: 🟢 Strong Support Levels: 0.0585 - 0.0600 USDT zone This area has held multiple times during the recent dips. Price bounced off this level with strong volume. 0.0675 USDT This level has turned into a support recently after a breakout. It aligns with the blue moving average. 🔴 Strong Resistance Levels: 0.0775 - 0.0785 USDT Recent wick rejections occurred in this zone. This is a short-term barrier that must be cleared for further upside. 0.0850 - 0.0900 USDT Major resistance from earlier in the trend. If the coin breaks the first resistance zone, this is likely the next stop. 📈 Trend Line Analysis: Downtrend Line (Resistance): From the top at around 0.12 USDT descending through 0.09 and 0.0785 – price has been respecting this line and now is attempting to break it. Uptrend Support (short-term): From recent lows at 0.0585, connecting higher lows – forming a rising wedge or channel. Experts review required on this. and also tell the peoples who are holding this in loss should they close are hold.. $FHEUSDT

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Breaking News for Pakistan 🇵🇰 Pakistan appoints Binance founder CHANGPENG ZHAO (CZ) as strategic crypto advisor. #Binance #pakistanicrypto #DiversifyYourAssets

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Let's break down the BTC/USDT chart on the 4-hour timeframe you've provided. Chart Analysis (4-Hour Timeframe): BTC/USDT is currently experiencing a strong bearish trend on the 4-hour timeframe. The price has dropped significantly to $79,027.22, down 5.29%. Key Observations: The price is below both the 9-period EMA ($80,127.52) and the 20-period EMA ($82,141.92), confirming bearish momentum. The RSI is extremely oversold at 21.57, suggesting a potential short-term bounce, but the overall trend remains bearish. Support and Resistance: Strong Support: $77,153.83 (1st), $76,406.00 (2nd). Resistance: $80,127.52 (1st), $82,141.92 (2nd). Trading Outlook: The chart indicates a strong bearish trend. While a short-term bounce is possible due to oversold conditions, the overall outlook remains bearish. Be cautious when considering long positions. If shorting, use tight stop-loss orders. Disclaimer: This is not financial advice. Trade responsibly and do your own research $BTC #BitcoinDunyamiz #crypto #TechnicalAnalysis What do you think about this share your thoughts in comments. Btc next move?

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