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Breaking Down Rising Wedge Pattern, Which Is A Bearish Pattern, Be Careful With Your Longs.
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🔥 **CAKE Technical Breakout Incoming!** 🔥 **Current Situation:** CAKE is consolidating within a **tight triangle pattern**, setting the stage for a potential explosive move. The market is coiling up, and a decisive breakout could be on the horizon! **Key Levels to Watch:** **Support:** **$2.50–$2.55** — A strong foundation where a bounce is highly anticipated, offering a prime entry point for savvy traders. **Resistance:** **$2.80–$2.84** — The critical zone that, if broken, could trigger a rapid rally and new highs! **Trading Opportunity:** 🔹 **Long Entry Near Support:** Consider opening a long position around the support area, targeting a bounce higher. 🔹 **Breakout Watch:** A decisive move above resistance will confirm the next leg of the bullish trend, potentially leading to significant gains! **Why Now?** The pattern suggests a classic setup: a **consolidation before a big move**. Patience and precision in entry could pay off handsomely. Keep an eye on volume and candle closes at these levels for confirmation! 🚀 **Get ready for action — CAKE’s next move is about to unfold!** Support Area: $2.50-$2.55 Resistance Area: $2.80-$2.84 #CryptoRally
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#BTCUSDT - UPDATE According to our previous analysis of Bitcoin, we expected the price to enter a downtrend after breaking the range, and that is what happened. The price is in a downtrend after breaking the 114,000 range, and we expect the price to reach the 104,000 range. #bearishmomentum #MarketPullback #BTC #PowellWatch
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FLUX analysis: The price is currently trading within a falling wedge pattern and is respecting both the support and resistance lines. You may consider opening a long position near the support area. A breakout from this falling wedge will determine the next rally. Keep in mind that a falling wedge is a bullish pattern, typically breaking in an upward direction. Support Area: $0.1970-$0.2010 Resistance Area: $0.2240-$0.2280
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Ethereum Profit-Taking Spikes On August 16, realized profits surged to $575M — the largest profit-taking event of this cycle so far. This highlights a clear trend of long-term ETH holders reducing exposure and locking in gains as the market tests key all-time high resistance zones. #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved #ETH
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