Coin Name:$CAKE
Position: Short
This 15-minute chart of CAKE/USDT (Binance) shows a triple top pattern at resistance, indicating a potential bearish reversal. The blue lines mark key resistance and support levels. A projected breakdown with a lower low suggests a shorting opportunity. RSI near at 64.83 signals overbought conditions, increasing the likelihood of a downturn.
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Trade Setup:
Entry: 2.6673
Target Price : 2.5375, 2.4788, 2.4120, 2.3268
Leverage: 5x
