$CAKE /USDT TRADE ANALYSIS – POTENTIAL BULLISH REVERSAL IN SIGHT! 🚀

📊 Risk-Reward Ratio: 1:3 (High Reward Potential!)

📌 Trade Setup

🔹 Entry Zone: $1.900 - $1.920

🎯 Take-Profit (TP) Targets:

TP1: $1.950 (first resistance level)

TP2: $1.987 (near recent highs)

TP3: $2.019 (stretch target for bulls)

🛑 Stop-Loss (SL): $1.829 (below the recent low for risk management)

Buy $CAKE /USDT Here! 👇

📊 Trade Analysis

Price Action: CAKE recently hit a low of $1.829 and is showing signs of a bounce, with the price now at $1.907. The 1-hour chart indicates a potential reversal as it approaches the 5-period MA ($1.962) and 10-period MA ($1.999).

MACD Bullish Signal: The MACD shows a bullish crossover (MACD: 0.009, signal line trending upward), suggesting growing momentum. However, the histogram is still slightly negative (DIF: -0.012), so confirmation of upward momentum is key.

RSI Overbought Warning: RSI at 72.203 indicates CAKE is in overbought territory (above 70). This suggests caution—while momentum is strong, a pullback or consolidation could occur before the next leg up.

Volume Surge: Volume has spiked recently (177.44K), showing increased buying interest. Sustained volume above the MA (390.22K) would confirm bullish conviction.

Support and Resistance: The $1.829 level acted as strong support (recent low). Resistance lies near $1.953 (24H high) and $2.019 (previous swing high).

🔥 Final Thoughts

✅ Bullish Potential: The MACD crossover and volume spike suggest CAKE could see more upside if it breaks above $1.953.

⚠️ Caution: RSI at 72.203 signals overbought conditions—watch for a potential pullback to the $1.880-$1.900 zone before the next move up.

📌 Best Strategy: Enter between $1.900-$1.920, set a stop-loss at $1.829, and aim for TP1 at $1.950 to lock in early profits. Scale out at TP2 and TP3 if momentum continues. Always monitor RSI and volume for confirmation!