$CAKE /USDT 🔥 BULLISH BREAKOUT INCOMING? 📈
🚀 Current Price: $2.414 (+0.04%)
🔍 24H Range: Low $2.401 – High $2.414
📊 Technical Overview:
CAKE is showing signs of accumulation with low volatility near the bottom of its recent range. Price is consolidating just above key support, suggesting a potential bullish breakout if momentum continues.
📌 Key Levels:
🟢 Support: $2.40 (strong defense zone)
🔴 Resistance: $2.44, followed by $2.50 and $2.54
💼 Trade Setup (LONG):
Entry: $2.415 – $2.420
Targets (TP):
🎯 TP1: $2.44
🎯 TP2: $2.50
🎯 TP3: $2.54
Stop Loss (SL): $2.39
📉 Risk Management:
Risk only 1-2% of your capital. Always use SL. Wait for confirmation candle above $2.42 before entry.
📣 Break above $2.44 could trigger a strong move to the upside. Eyes on volume and RSI! 🔎💹