$CAKE / USDT – Showing Bullish Momentum! 🥞🚀
$CAKE is currently trading at $2.115, showing a gain of +3.83%. The 4-hour chart indicates a steady climb with consistent green candles, suggesting increasing buying pressure. It's approaching the recent high.
Potential Trade Setup:
Entry: Consider potential entries around the current level or on slight pullbacks towards $2.11, looking for support to hold.
Target 1: $2.143 (24-hour high)
Target 2: $2.17
Final Target: $2.20+ (testing previous highs)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $2.09, to manage risk.
Key Observation: The consistent upward movement and increasing volume suggest sustained bullish interest. Watch if $2.143 can be broken decisively for further upside.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon here in Multan!
