$CAKE /USDT – DeFi Token Dips After Volatility! 🍰📉
Momentum Analysis: CAKE is experiencing a -4.70% decline, testing key support levels after a volatile session. With 24h High at $2.819 and Low at $2.261, traders are watching for a potential reversal.
📊 Long Setup:
Entry Zone: $2.30 - $2.37
Targets: 🎯 T1: $2.47 | 🎯 T2: $2.54 | 🎯 T3: $2.62
Stop Loss: ❌ Below $2.24
📌 Breakout Confirmation:
Bullish Above: $2.47
Key Support: $2.26
🔥 Pro Tip: Watch for increasing volume near $2.37. If buyers step in, CAKE could push towards $2.47+.
🔍 24H Trading Data:
🔹 24H Volume: 93.81M CAKE | $242.11M USDT
🔹 Current Price: $2.37 (-4.70%)
🔹 Exchange Depth: Buyers accumulating at $2.319-$2.37
