$CAKE has broken out aggressively and is now retesting its ascending trendline with clear Fibonacci confluence. Current price ($2.837) sits above key support zones:
0.236 Fib: $2.775
Trendline Touch: Bullish retest in progress
Volume cooling = potential next leg up brewing
If bulls hold this level, CAKE could test $2.90+ again and possibly break to new local highs.
Trade Setup๐ช๐ฅ๏ธ
Long entry: $2.82โ$2.83 (trendline zone)
Stop loss: Below $2.77
Target 1: $2.90
Target 2: $2.95+
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