NEW CRYPTO TRADE ALERT 📈🚀️️
Token: $CAKE
Direction: SHORT
Leverage: 3-5x
ENTRY -$1.933—$1.965
🎯 TP 1: $1.889
🎯 TP 2:$1.76
🛑 SL: $2.105
🔎 Analysis
• Resistance Holding: CAKE is struggling to break above resistance, indicating selling pressure at higher levels.
• Bearish Stoch RSI (4H): Stochastic RSI is in a bearish zone on the 4-hour timeframe, suggesting a possible short-term pullback.
• Strong Support at $1.50: The $1.50 level has acted as a strong support zone, making a retest likely if the downward momentum continues.
• Potential Retest: If selling pressure persists, CAKE could revisit $1.50 before any potential reversal or bounce.
