$CAKE CAKE (PancakeSwap) is a popular DeFi token that has gained significant attention in recent times. Here's a brief analysis of the CAKE/BNB pair:

*Current Market Trend:* The CAKE/BNB pair is currently in a bullish trend, with a strong uptrend line supporting its price.

*Support and Resistance Levels:*

- *Support:* 0.0025 BNB, 0.0022 BNB, and 0.0020 BNB

- *Resistance:* 0.0030 BNB, 0.0032 BNB, and 0.0035 BNB

*Technical Indicators:*

- *Relative Strength Index (RSI):* 65, indicating a slightly overbought market condition

- *Moving Averages (MA):* 50-day MA is above the 200-day MA, indicating a bullish trend

*Trading Strategy:* Based on the analysis, a long position can be considered above the 0.0025 BNB support level, with a target of 0.0032 BNB and a stop-loss at 0.0022 BNB.

*Risk Management:* Set a risk-reward ratio of 1:2, and consider scaling out of the position as the price approaches the target.