$CAKE

🚀 CAKE/USDT Ready for a Breakout? Key Levels to Watch! 🍰💰

📌 Quick Overview:

CAKE/USDT is showing strong momentum with an 8% intraday gain! Will the bulls take control, or is a rejection incoming? Let’s break it down. 📉📈

🕒 Timeframe:

5-Min Chart (Scalping Focus)

📊 Market Overview:

🔹 Price Action: CAKE is currently at $2.627, with a 24H high of $2.752.

🔹 Resistance Zone: $2.648 - $2.752 – A breakout above this could push higher.

🔹 Support Zone: $2.579 - $2.563 – Holding above this keeps bullish bias intact.

🔹 Indicators:

RSI: Around 52, neutral but slightly bullish.

MACD: Momentum weakening, but still in bullish territory.

Volume: Buyers are active, but watch for exhaustion!

📍 Key Levels: 🟢 Entry (Long): Above $2.648 for confirmation.

🔴 Entry (Short): Below $2.579 if rejection happens.

🎯 Targets (TP): ✅ Long TP1: $2.70

✅ Long TP2: $2.75

✅ Short TP1: $2.55

✅ Short TP2: $2.50

📉 SL (Stop-Loss):

🛑 Long SL: $2.59

🛑 Short SL: $2.64

💥 Leverage: 5x - 10x recommended for scalping.

🔥 Pro Tip:

If price consolidates near $2.64 without volume, wait for a strong breakout confirmation! Fakeouts are common near key resistance levels.

🎯 Conclusion:

CAKE is at a critical point – a breakout above $2.65 could lead to a strong move! Watch volume & RSI to confirm strength. Trade smart!

🔔 Like, Share & Follow for more daily crypto analysis! 📊📢🚀