🚀$CAKE Surges Toward Resistance – Is It Ready to Bake a Breakout? 🎂📈
👉In the last few candles, something subtle yet exciting has been brewing in the CAKE/USDT pair. After forming a solid higher low around the $2.36 zone, buyers stepped in with confidence.
📊 On the 1H chart, $CAKE just printed a powerful bullish candle, crossing above the 20 & 50 MA crossover zone and tapping $2.48 – close to the daily resistance at $2.50.
📈 Volume is increasing, and the MACD histogram is flipping green with bullish convergence, showing signs of growing momentum.
💡 RSI is approaching 66+, confirming a healthy trend without being overbought just yet.
Meanwhile, the 4H chart reveals the real game: $CAKE has flipped its previous structure and reclaimed $2.48 with strength. The next challenge? Breaking and sustaining above the major resistance zone of $2.50–$2.52.
🎯 Trade Setup (Buy-Side Idea):
Entry: $2.45–2.48
Target 1: $2.52
Target 2: $2.61
Stoploss: Below $2.39
Trade Duration: Short-term (1–2 days)
🎯 Why Bullish?💥
MA/EMA bullish alignment
MACD bullish crossover
RSI showing rising strength
Price above key horizontal level
📌 Caution: $2.50–$2.52 is strong resistance; confirmation is key before adding size.
🧠 "Market doesn't reward early or late moves. It rewards the most prepared." 🧘♂️
📉 This is not financial advice. Trade with proper risk management.
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