$CAKE /USDT LONG TRADE SIGNAL – STRONG BOUNCE WITH BULLISH MOMENTUM BUILDING!
$CAKE has bounced off the $2.37 support level and is now forming a higher low structure on the 1H chart. Price is pushing upward with solid green candles, indicating strong buyer interest and potential continuation toward the $2.50 resistance zone.
Trade Setup (LONG):
Entry Price: $2.440 – $2.455
Take Profit 1: $2.475
Take Profit 2: $2.498
Take Profit 3: $2.525
Stop Loss: $2.415
Why Long?
The breakout attempt above $2.45 followed by a quick dip and recovery shows bullish absorption of supply. A clean candle close above $2.455 could ignite a move toward recent highs. The structure remains favorable as long as price holds above $2.42.
Risk Management Tip:
Use a trailing stop after TP1 to secure gains. Avoid overexposure and scale in with confirmation.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
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