$CAKE CAKE/USDT Trading Update: Key Levels & Trade Setup

CAKE/USDT is currently at $2.684, showing strength after rebounding from support. The price is testing a key resistance level, and the next move depends on whether it breaks out or gets rejected.

🔹 Key Levels to Watch

Resistance: $2.700 – A breakout could drive further gains.

Support: $2.634 – Holding this level is crucial for sustained bullish momentum.

🔹 Trade Setup

📈 Long Entry: If CAKE holds above $2.700, potential targets:

Target 1: $2.750

Target 2: $2.800

📉 Short Entry: If price drops below $2.634, expect a move toward:

Target 1: $2.600

Target 2: $2.550

⚠️ Risk Management: Adjust stop-loss based on market volatility.

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