🚨 $CAKE /USDT – Oversold Crash or Bargain Opportunity? 🔥
$CAKE just took an 11.87% hit, dipping as low as $2.416. With RSI near 29, is DeFi’s favorite token about to bounce—or bleed further? Let’s analyze the setup.
📊 Market Overview
📍 Current Price: $2.44
📈 24h High: $2.82
❄️ 24h Low: $2.416
📊 Moving Averages:
MA(7): $2.495
MA(25): $2.613
MA(99): $2.657
📈 RSI(6): 28.96 (Oversold—rebound possible)
📉 MACD Momentum:
DIF: TBD
DEA: TBD
MACD Histogram: TBD
(MACD values not listed—plug in if you have them)
📈 CAKE Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If CAKE Holds Above $2.40):
Entry: Above $2.48
Targets: $2.60, $2.75, $2.90+
Stop-Loss: $2.29
🔹 Bearish Scenario (If CAKE Falls Below $2.29):
Entry: Below $2.29
Targets: $2.10, $1.95, $1.80
Stop-Loss: $2.50
🔍 Should You Hold or Sell?
✅ RSI under 30 = Oversold, high reversal probability
✅ If $2.50 is reclaimed, short-term trend may flip bullish
✅ Breakdown below $2.29 = risk of continued selloff
💡 Pro Tip:
🚀 A strong bounce above $2.60 (MA25) with volume = early reversal confirmation
⚠️ Weak bounces without volume = fakeout risk—stay sharp
📢 What’s your CAKE move—buy the dip or wait for recovery? Share your thoughts below!
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