$CAKE /USDC – BEARISH RETEST AT LOCAL SUPPLY ZONE

REJECTION NEAR $2.176

LOWER HIGH FORMATION INTACT

FADING MOMENTUM BELOW $2.160

$CAKE bounced from $2.119 but is now facing resistance around $2.157–$2.176 — a key supply zone from the prior breakdown. The current structure suggests sellers may step in again if price fails to break above this level.

🔴 SHORT TRADE SETUP

Entry: $2.157

Target: $2.125

Stop Loss: $2.178

A failed breakout here could trigger a move back toward recent lows as bearish structure remains dominant.

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