🔻 $CAKE /USDT – Bulls Cooling Off After Pump? 🚨

Current Price: $2.767 (+14.81%)

$CAKE pumped hard to $2.94 but is now showing early signs of exhaustion with multiple red candles on LTFs. Is a correction loading?

📉 Short Trade Setup:

• Entry Zone: $2.77 – $2.80

• TP1: $2.72

• TP2: $2.66

• TP3: $2.60

• Stop-Loss: $2.85

🔑 Key Levels:

• Resistance: $2.948 (24H High)

• Support: $2.394 (24H Low)

📊 Market Insight:

• Overbought signals flashing after sharp vertical move

• Lower timeframes showing rejection wicks + red candles

• Momentum fading — sellers gaining control

🔥 Pro Tip:

Watch for a failed retest at $2.80 — a clean rejection could offer the best entry. Breakdown below $2.75 opens the gate for deeper pullback!

#CAKE #CryptoShort #AltcoinSetup #TrendReversal #USDTTrade $CAKE