Annie Lily
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Bearish
$CAKE – DOUBLE TOP FORMING? BEARS TESTING RESISTANCE WALL
WEAK REJECTION NEAR $2.77. SELLERS DEFENDING LOCAL HIGH.
$CAKE attempted to reclaim its previous high at $2.771 but faced immediate resistance. The price failed to break out and has started pulling back with a rejection candle at the top — hinting at a possible double-top formation. Momentum is fading as volume drops and sellers regain short-term control near $2.750.
SHORT Setup
Entry: $2.745 – $2.755
Stop Loss: $2.780
Target 1: $2.700
Target 2: $2.655
Watch closely: A clean break below $2.740 could accelerate the selloff toward the support zone. Caution advised on long positions unless $2.771 is breached convincingly.
#CAKEUSDT #BearishSetup #CryptoSignals #BinanceFutures #DeFi
WEAK REJECTION NEAR $2.77. SELLERS DEFENDING LOCAL HIGH.
$CAKE attempted to reclaim its previous high at $2.771 but faced immediate resistance. The price failed to break out and has started pulling back with a rejection candle at the top — hinting at a possible double-top formation. Momentum is fading as volume drops and sellers regain short-term control near $2.750.
SHORT Setup
Entry: $2.745 – $2.755
Stop Loss: $2.780
Target 1: $2.700
Target 2: $2.655
Watch closely: A clean break below $2.740 could accelerate the selloff toward the support zone. Caution advised on long positions unless $2.771 is breached convincingly.
#CAKEUSDT #BearishSetup #CryptoSignals #BinanceFutures #DeFi
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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