$CAKE /USDT ā€“ BEARS IN CONTROL, FURTHER DOWNSIDE AHEAD! šŸ“‰šŸšØ

šŸ” TECHNICAL ANALYSIS:

$CAKE/USDT is currently trading at $2.33 (-11.91%), showing strong bearish momentum. The price has broken below key support levels, signaling further downside potential.

šŸ“Š Key Levels:

Resistance: $2.50 ā€“ $2.57 (Major hurdle for bulls)

Support: $2.23 ā€“ $2.20 (Next potential downside target)

šŸ“‰ Indicators:

MA(7): $2.33 ā¬‡ļø (Short-term trend bearish)

MA(25): $2.31 ā¬‡ļø (Mid-term trend bearish)

MA(99): $2.42 ā¬‡ļø (Long-term trend turning bearish)

MACD: Bearish crossover confirmed āŒ

RSI: Below 40, signaling bearish strength āš ļø

šŸ“Œ TRADE SETUP:

šŸ”» SHORT ENTRY: Below $2.32 after confirmation

šŸ“ TP1: $2.25

šŸ“ TP2: $2.20

šŸ“ TP3: $2.15 (Extended target)

āŒ SL: $2.38 (Above resistance)

āš ļø RISK MANAGEMENT:

šŸ’° Risk/Reward Ratio: 1:2+ ā€“ Maintain proper position sizing to avoid heavy losses.

šŸš€ Leverage traders should use caution ā€“ market volatility remains high.

šŸ”Ž Always use a stop-loss and never risk more than 2-3% of your capital on a single trade!

šŸ”” Stay vigilant, trade wisely, and let the market dictate your next move! šŸ”„šŸ’°

#BMTOnBinance #BinanceAlpha2.0 #BNBChainMeme #RippleVictory #Write2Earn! $CAKE