$CAKE USDT – BEARISH SIGNAL AFTER REJECTION FROM LOCAL HIGH

REJECTION FROM $2.306

BEARISH CANDLE FORMING ON 4H CHART

$CAKE faced a strong rejection at the $2.306 level, forming a double-top pattern on the 4H chart. Price has since pulled back with increasing selling volume, signaling short-term weakness. A close below $2.28 may accelerate downside.

Trade Setup:

Short Entry: $2.285 – $2.295

Targets (TP): $2.26 / $2.24

Stop Loss (SL): $2.31

Outlook:

If bears maintain control below $2.29, expect further pressure toward support zones. Watch for volume confirmation on the breakdown.

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