$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.
DOGE Dogecoin has taken a severe hit; the downward trend is directly related to Musk's recent downturn in the capital market and social circles. If he doesn't make a move, it's unrealistic for DOGE to strengthen in the short term.
CFX The current volatile trend doesn't seem like a temptation for more investment; it resembles a washout instead. If it can rise above 0.22 again, and the volume supports it, it basically confirms accumulation, and reaching 0.3 isn't a dream.
SPK Although the trend looks chaotic, the core is very stable. It resembles SAND's structure from years ago, where it suddenly took off after a sideways movement. As long as there is a pullback, buying is the way to go; the market certainly hasn't reached its peak.
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