🚨 $CAKE E — Approaching Key Rebound Zone! Fresh Trade Setup Alert! 🚨

Recent High (15M TF): $2.740

Current Price: $2.601 (down -5.06% from recent high — notable intraday pullback)

🔍 Technical Overview:

Resistance Zone: $2.700 – $2.740

Last supply area where price rejected sharply — breakout above this could fuel further upside.

Support Zone: $2.580 – $2.600

Price testing this demand region now — high probability bounce zone if buyers defend it.

RSI (15M): 39 — approaching oversold — bounce chances increasing.

MACD (15M): Bearish, but histogram is flattening — sellers losing control — possible reversal setup forming.

Fibonacci (0.382 Retrace): $2.620 — could act as immediate resistance on bounce attempt.

📢 CAKE/USDT Scalp/Intraday Signal:

🟢 Buy Zone: $2.585 – $2.610 (Current price — attractive entry at support zone)

🎯 Targets:

➡️ TP1: $2.630 (Fibonacci retrace target)

➡️ TP2: $2.680 (mid-resistance — potential profit zone)

➡️ TP3: $2.740 (recent high retest — breakout possible if bulls step in)

🔻 Stop Loss: $2.550 (below structural support to control risk)

⚠️ Risk/Reward Note:

Risk/Reward Ratio: 2.7+ — ideal setup for scalpers and quick intraday trades. Futures traders suggested to use moderate leverage (2x–4x) due to market swings.

🔥 Quick Market Insight:

$CAKE retraced sharply after testing the $2.74 zone but is now sitting at a critical support area near $2.60. If bulls defend this zone, a technical bounce toward $2.63–$2.68 is likely.

💡 Pro Tip:

"Great trades are born at forgotten supports, not crowded breakouts."

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