$CAKE
【Point Update】
This coin serves as a platform token, and its recent popularity has been quite good, surpassing UNIswap to become the number one DEX protocol in trading volume. The price has risen from a low of 1.38 in early March to a high of 2.85, achieving a doubling increase.
The current price is at the top of the daily trading range, and it is temporarily stagnating. However, from a smaller timeframe, it shows a wide range of fluctuations lasting over a week, with the amplitude continuously narrowing, forming an ascending flag pattern, indicating that there may be potential for another breakout in the future.
Recently, several levels of this coin can be monitored as references for entry and exit.
Short-term resistance: 2.8 (reduce position)
Strong resistance: 2.91, 3.29 (liquidate)
Short-term support: 2.53~2.47, 2.375 (enter position)
Strong support: 2.252 (increase position)
Gap: 1.91~2.44 (may be filled in the future, not currently considered)
