Here’s a 15-minute trade setup for $CAKE /USDT based on the latest snapshot:

CAKE/USDT 15m Trade Setup – May 5, 2025

Current Price: ~$1.983

MA60: 1.976

24h Range: 1.908 – 1.989

Volume (15m): ~870.29

Bias: Bullish — price is near daily high and holding above MA60

Trade Scenarios:

1. Breakout Long (High Continuation):

Entry: Above $1.990 (24h high break)

Target 1: $2.02

Target 2: $2.06

Stop Loss: $1.970

2. Pullback Entry (Support retest):

Entry: $1.970 – $1.975 (near MA60 + previous resistance)

Target: $1.990 / $2.00

Stop Loss: $1.950

3. False Break Short (only if rejection):

Entry: Below $1.960 on volume fade

Target: $1.935

Stop Loss: $1.980

Notes:

Price is consolidating near resistance, with a chance to break out if BTC/ETH remain stable.

Watch for confirmation: volume spikes and candles closing above $1.990.

Ideal R:R trade setup if using tight stops under MA60 or last swing low.

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