$CAKE
A $1.45K short was liquidated at $2.81847, showing bears getting trapped as buyers step in.
Key Levels:
Support: $2.78 – if this breaks, sellers could regain momentum.
Resistance: $2.86 – a clean breakout could fuel a move toward $2.92+.
My Thoughts:
This looks like early signs of a short squeeze. If CAKE holds above $2.80, I expect buyers to push for $2.90+. But slipping under $2.78 might flip sentiment back to bearish.
🎯 My Trade Idea:
Entry: around $2.80
Target: $2.88–2.92
Stop-loss: below $2.75