$CAKE /USDT.

🟩 CAKE/USDT Intraday Setup

Current Price: $2.716

24h Change: ~0.00% (sideways)

24h Range: $2.690 – $2.905

24h Vol (CAKE): 17.98M

24h Vol (USDT): $50.02M

Category: DeFi

🔍 Market Overview

Price is holding steady near $2.71, showing a pause after a recent move.

MA(5) > MA(10) indicates slight short-term bullish momentum.

Volume is decent but no big spikes yet.

Resistance near $2.85 – $2.90, support closer to $2.60–$2.69 zone.

🧠 Trade Ideas

✅ Scenario 1: Range Bounce

Entry: $2.68 – $2.70 support zone

Stop Loss: below $2.62

Targets:

TP1: $2.85 (near resistance)

TP2: $2.90+ breakout zone

Good for scalping within the current range.

✅ Scenario 2: Breakout Play

Entry: 15m candle close above $2.90 with volume >50K

Stop Loss: $2.80

Targets:

TP1: $3.05

TP2: $3.20

Look for volume confirmation.

⚠️ Scenario 3: Breakdown

Entry: Drop below $2.62 support with increased selling volume

Stop Loss: above $2.68

Targets: $2.50, then $2.40

For risk-averse traders, watch for signs of breakdown from support.

🔑 Key Levels

LevelPriceNotesSupport 1$2.68Recent low, MA(10) areaSupport 2$2.60Psychological support levelResistance 1$2.85Short-term resistanceResistance 2$2.9024h highResistance 3$3.05+Possible breakout extension

#WhaleJamesWynnWatch #BinanceHODLerSOPH #ETHMarketWatch #Write2Earn! #Cake