$BAKE – Does it return to the rise or is it just crumbs? 🍞📈
BAKE is trading at 0.1037, recovering after dropping to 0.0988. It hovers near the 7 EMA (0.1033), but faces strong resistance at the 25 EMA (0.1056) and 99 EMA (0.1104), indicating caution.
Current outlook: the price is consolidating after a significant drop and needs to break above 0.1055 to confirm a short-term bullish reversal.
LONG setup: Entry at 0.1035–0.1045, targets at 0.1080 and 0.1120, stop loss at 0.1010
SHORT setup: Entry at 0.1055–0.1065, targets at 0.1015 and 0.0985, stop loss at 0.1078
Summary: BAKE shows signs of stability, but the trend pressure remains. Watch the volume and the reaction of the 25 EMA closely.
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