$CAKE
/USDT – Bulls Losing Steam After Pump? 🚨
Current Price: $2.767 (+14.81%)
After a strong rally, $CAKE is showing early signs of a pullback from its recent $2.94 high, with red candles appearing on lower timeframes.
Short Trade Idea:
Entry Range: $2.77 – $2.80
Target 1: $2.72
Target 2: $2.66
Target 3: $2.60
Stop Loss: $2.85
Key Price Levels:
Resistance: $2.948 (24H High)
Support: $2.394 (24H Low)
Market Overview:
After a steep rally, signs of buyer exhaustion are emerging. Price wicks are rejecting higher levels, and selling pressure is increasing.
Pro Tip:
Watch for a retest near $2.80 for a potential short entry. A break below $2.75 could trigger a deeper pullback.
Momentum is shifting in the short term—this retracement opportunity could be worth watching.
