🧁 $CAKE

/TRY Market Overview

Metric Value

Last Price ₺88.56 🔻 (-3.74%)

USD Equivalent ≈ $2.22

24h High / Low ₺92.44 / ₺88.11

24h Volume (CAKE) 47,800.49

24h Volume (TRY) ₺4.29M

Moving Averages MA(5): 3,165.82

Recent Trade Volume 5,247.59

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🔍 Technical Outlook

The CAKE/TRY pair has shown a pullback of -3.74% and is trading just above its daily low, suggesting continued downward pressure.

📉 Market Sentiment:

Price nearing strong short-term support at ₺88.11

Bearish momentum with recent breakdown below ₺90 psychological level

Volume remains low, indicating weak bullish defense

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📊 Key Price Levels

Level Type Price (TRY) Significance

Resistance 1 ₺92.44 Daily high / minor rejection zone

Resistance 2 ₺94.37 Mid-term supply zone

Support 1 ₺88.11 Daily low / short-term demand

Support 2 ₺85.60 Weekly swing low

Support 3 ₺82.00 Major support (Jan low)

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📈 Trade Setups

🔁 Range Rebound (Low Risk / High Reward)

Entry Zone: ₺88.10–₺88.50

Target: ₺91.50 – ₺92.50

Stop Loss: ₺86.90

Setup Type: Oversold bounce with risk-managed entry

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🔻 Breakdown Short

Trigger: Close below ₺88.00 with increasing sell volume

Target: ₺85.60 → ₺82.00

Stop Loss: ₺89.30

Confirmation: EMA crossover on 1H + MACD bearish cross

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⚠️ Summary & Bias

Aspect Status

Trend 🔻 Short-Term Bearish

Momentum ⬇️ Weak

Volume 🔇 Below Average

Volatility 🟡 Medium

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Would you like:

📉 A chart showing potential bounce vs breakdown zones?

🔔 Alert setup for crossing MA or hitting key levels?

💸 A DCA (dollar-cost averaging) plan for CAKE accumulation?

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