Here is your technical snapshot for $CAKE /USDT
📉 Current Price: $2.5164
📌 Mark Price: $2.5163
🔻 24h Change: -2.52% – soft downside drift near key support
🕒 Session Window: 2025-06-11 13:00 → 2025-06-12 04:00
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📊 24h Trading Stats:
🔼 24h High: $2.7265
🔽 24h Low: $2.5000
📈 Volume (CAKE): 24.49M
💵 Volume (USDT): $64.08M
⚖️ Session Volume: 9.47M
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🔍 Depth & Price Zones:
🔺 Resistance Levels:
$2.5883 → $2.6880 → $2.7265
Mid-resistance barrier at $2.6382
⚙️ Current Range:
$2.5385 → $2.5164 → $2.5000
Price hovering just above daily low
🔻 Support Zone:
$2.5000 → $2.4886
Clean break below $2.50 may trigger further downside toward $2.42–$2.38
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📈 Technical Indicators:
Current Vol (Candle): 7,241
MA(5): 292,790
MA(10): 400,655
➡️ Volume this candle is far below average, indicating reduced momentum or indecision.
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🧭 Market Outlook:
Price action suggests a pullback continuation near short-term support. Bulls are struggling to regain traction around $2.52.
✅ Recovery Scenario (Intraday Reversal):
Entry Zone: $2.50–2.52
TP1: $2.58
TP2: $2.64
SL: $2.485
Signal Trigger: 15m volume spike + bullish candle at $2.50 hold
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❌ Breakdown Risk:
Below $2.50, momentum may accelerate
Target Zone:
TP1: $2.44
TP2: $2.38
SL for shorts: $2.545
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🧠 Summary:
Metric Signal
📊 Trend Bias Bearish short-term
⚠️ Support Watch $2.50 – crucial level
📈 Reclaim Zone $2.58+ for upside
💤 Volume Weak this candle
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Would you like a scalp setup using EMA/RSI, or should I prepare a swing trade plan for a 1–3 day horizon?
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