$CAKE /USDT ā LONG TRADE SIGNAL
BOUNCE FROM LOCAL SUPPORT AT $2.16
EARLY REVERSAL SIGNS WITH STRONG GREEN CANDLE
VOLUME STARTING TO PICK UP ON RECOVERY MOVE
CAKE has bounced off the key support at $2.16 and is currently trading at $2.23. The latest 4H candle shows bullish intent with a potential reversal building up. If momentum carries through, a breakout above $2.27 may confirm the next leg higher.
š¢ Long Trade Setup:
ā¢ Entry Zone: $2.22 ā $2.26
ā¢ Stop Loss: $2.14
ā¢ Take Profit:
TP1: $2.38
TP2: $2.48
ā¢ Leverage: 10x
ā¢ Risk Allocation: 2ā3% of wallet
Market Outlook:
Reversal from oversold territory and increased volume support a short-term bullish push. Key resistance to watch lies near $2.27.
#CAKE #DeFi #BullishSignal #AltcoinSetup #BinanceSquare
CAKE
1.83
-1.40%
