$CAKE โ SWEET REVERSAL IN THE OVEN! ๐๐ฅ
$CAKE is showing signs of a bullish turnaround on the 4H chart, climbing to $2.475 (+2.44%) after rebounding from the $2.215 support. Parabolic SAR is flipping bullish, and volume is starting to rise, indicating renewed buyer interest.
With price holding above the 5MA and the recent trend shift from lower lows to higher highs, $CAKE might be baking up a breakout move if momentum sustains.
๐ Technical Breakdown (4H): โข Current Price: $2.475
โข Support: $2.33 โ $2.21
โข Resistance Levels: $2.54 โ $2.64
โข Indicators: Bullish SAR flip | MA(5) crossing above MA(10)
โข Volume Uptick: Suggests accumulation phase
๐ฏ Potential Trade Setup (Short-Term Swing):
โข Entry Zone: $2.43 โ $2.48
โข TP1: $2.54
โข TP2: $2.64
โข SL: Below $2.33
If Cake can maintain this upward pressure and close above $2.54, expect further upside acceleration.
