BAKE

The chart shows BAKEUSDT trading around 0.0898 USDT on Binance. Overall, the structure indicates that after a strong upward impulse from approximately 0.0835 USDT to 0.117 USDT, the price entered a correction and is now consolidating. This consolidation sits just above an important support level, signaling a possible preparation for the next leg up. There is a clearly defined support area between 0.0835 and 0.0836 USDT, which has been tested multiple times. The most recent lows were bought up strongly, forming what looks like a potential double bottom or higher low, both common reversal patterns. Beneath this zone, the next deeper support rests near 0.0752 USDT, which would be considered only if the main support fails. Overhead, the chart identifies resistance levels at 0.1050–0.1071 USDT, where price previously stalled and retraced. This zone aligns with the first target area for any bullish continuation. Further up, 0.1169 USDT marks the prior swing high and the most significant resistance to break for confirmation of a larger trend reversal. Visually, the chart illustrates how the strong impulse rally was followed by a structured pullback, resembling an ABC correction pattern. The correction appears mature, as price action is tightening within a smaller range. This often suggests that momentum is getting ready to shift back upward if buying pressure sustains. Several buy signals ("B") are marked on the chart near support zones, while sell signals ("S") have appeared near previous short-term peaks. The clustering of buy signals around the current levels reinforces the idea that traders have been accumulating positions in this area. Below is the trading setup outlined on your chart: •Entry Zone: Around 0.0898 USDT •Stop Loss: Slightly under 0.0836 USDT to protect against a deeper retracement •Take Profit Target: Between 0.1050 and 0.1071 USDT (initial target) •Risk/Reward Ratio: Approximately 2.77, which is favorable for long positions •Potential Gain: +17.69% from entry to target •Potential Loss: -6.38% if the stop is hit The highlighted risk/reward box shows the trade aims to capture a substantial move while limiting downside exposure. The overall price behavior indicates that sellers failed to create new lows, and instead, the market printed a higher low above the key support zone. This is often one of the first signs that demand is absorbing supply and can set the stage for an upside breakout. While volume data isn’t visible in the chart you shared, typically in this kind of setup, volume contracts during the correction phase and begins expanding again when price approaches a breakout point. Watching for rising volume on any move above 0.0900 USDT could confirm bullish intent. If price breaks and closes above 0.0900 USDT on the hourly timeframe, this would be the first signal that momentum is flipping decisively in favor of the bulls. Ideally, you want to see a retest of this level hold as support, which would further validate the move. From there, a push into the 0.1050–0.1071 USDT resistance area becomes more probable. If this level is cleared on strong momentum, the extended target near 0.1169 USDT could be achievable. In terms of sentiment, the fact that multiple buy signals have appeared near the support zone while sellers are absent near the lows reinforces a bullish bias. The risk is primarily centered around whether the 0.0835 USDT level holds. If price closes decisively below it, that would invalidate the current bullish thesis and potentially expose the market to a deeper drop toward the 0.0752 USDT support area. Overall, the chart presents a constructive technical picture favoring further upside, provided that support holds and buyers can reclaim the short-term resistance above 0.0900 USDT. The consolidation phase appears to be maturing, and the combination of higher lows and consistent rejection of support zones increases the likelihood of a breakout. Summary of the Bullish Scenario: •The trend structure shows a strong impulse and controlled pullback. •The price has respected a key support area repeatedly. •Buy signals are clustered near the lows, suggesting accumulation. •A breakout above 0.0900 USDT could trigger a rally toward 0.1050 USDT and potentially higher. •The risk/reward profile is attractive, offering nearly 3 times the reward relative to the risk.

BAKEUSDT is currently forming a promising Falling Wedge Pattern, a classic bullish reversal setup that traders watch for significant upside potential. This pattern, combined with steadily increasing volume, indicates that a major breakout could be on the horizon. Historically, falling wedges often precede explosive price moves, and BAKEUSDT is showing early signs of preparing for just that. Technical traders who spot this formation early can position themselves for the expected 90% to 100%+ gain if the breakout confirms with strong momentum. Investor sentiment around BAKEUSDT is improving as this project garners more attention from the crypto community. The sustained interest and accumulation phase within the wedge are clear signals that large buyers are preparing for a bigger move. As BAKEUSDT approaches the breakout point of the wedge, traders should closely monitor price action and volume spikes to catch the first wave of upward movement. This makes BAKE one of the top altcoins to keep on your radar right now. Another reason BAKEUSDT stands out is its healthy trading volume, which supports the likelihood of a successful breakout rather than a false move. The increased liquidity ensures that once the resistance of the wedge pattern is breached, the price can rally with minimal slippage and strong follow-through. With major cryptocurrencies setting the tone for the broader market, high-potential altcoins like BAKE can benefit from renewed bullish momentum across the board. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!

BAKEUSDT is currently trading near the upper resistance of a falling wedge pattern , often seen as a bullish reversal setup. With increasing volume and tighter price action, the market may be gearing up for a breakout. If confirmed, this could mark the beginning of a new upward trend. Traders should stay alert and wait for a clear breakout above resistance to validate the move.

#BAKE is attempting to break out of the falling wedge on the daily chart. Price briefly pierced above the wedge resistance with strong volume but has pulled back inside. If it manages to close a daily candle above the wedge with confirmation, it could trigger a bullish move toward the following targets: 🎯 $0.1069 🎯 $0.1266 🎯 $0.1425 🎯 $0.1583 🎯 $0.1809 🎯 $0.2001 ⚠️ No confirmation yet — wait for a clean breakout with volume before entering. ⚠️ Always use a tight stop-loss and apply proper risk management.

This 1-day chart shows a big drop from around 0.3400 to a low of 0.0752 recently, with a slight dip (-0.42%) today. A falling wedge pattern is forming—could mean a chance to bounce back! Plus, starting with the news, Binance added BAKE to its Monitoring Tag on July 7th, which usually signals higher risk. Oddly, the price went up instead—maybe the fear of delisting was already priced in, and the announcement not leading to immediate delisting sparked buying? Or there could be another factor at play! CRUX: Support Zone: A strong base is at 0.1200-0.1300, where buyers might step in. Resistance Level: The next big test is at 0.1800-0.2000—break that, and it could rise! Falling Wedge: This pattern, with its narrowing lines, often signals a bullish move if it breaks above 0.2000. Momentum: The downtrend had steady volume, but the pattern hints at a possible upturn. Timeframe:Watch the next few days for the wedge to break out. Possibilities: Bullish Move: A jump above 0.2000 with good volume could push it to 0.2500 or more! Bearish Drop: A fall below 0.1200 might take it back to 0.0752—stay careful! Safety Tip: Set a stop-loss below 0.1200 to stay safe.

Here is yet another trade on BAKEUSDT.P that pained me. Not only that I followed it through the breakouts, I ate from the breakout after forming a rising wedge. Then, I followed a ride back up immediately and had a sumptuous run too but when it started rallying and it was time for bed, I set a trailing stoploss to protect my profit. This stopped me out early before this major move Up. I’m not angry as much because I protected not just my capital but profit. But I’m still angry I didn’t win with the move that I foresaw.

candlestick on it all time low and also on it week upside strong orderblock

BAKE p.a. has been oscillating around $0.19 for the last 3 years. Attempted a break out of the downtrend Dec 24 but was unsuccessful.In Dec 23 we saw a rejection from the $0.19 price point, down to $0.15 before seeing a significant move to the upside @ 500%If current p.a. rhymes with Dec 23 a long entry @ $0.165 could be favourable. Depending on how patient you are, you could probably ride this into Q4 assuming we achieve a break out of the downtrend 🚀

BAKE following perfectly XRP pattern - broke major diagonal resistance line, created local horizontal support range just to fake break down from it. In order to keep following XRP pattern BAKE needs to bounce up asap and flip local range back into support, thus opening path for push to new ATH.

Just Wow.Volume + Footprint allowed us to recognize market sentiment and movement change.1️⃣ 1st Signal: We were waiting for a breakout from the Grey Triangle. Price broke down and retested the lower White Level (lower Edge) of the Triangle and dropped to POC. It was Like Textbook. My POC Level was Sniping 🎯. Insane accuracy 👌🎯😎 . 3.5 % 💰 💵 💲2️⃣ 2nd Signal: 2 Days Later I updated the Same TA and gave a LONG as Signal.I wrote: "eyes on Fib and 4h".Yellow Circle Marks. 👌🎯😎Beautiful Reaction on that new 4h-LEvel + Fib 0.38. AND BOOM💰💵💲 10 % -- Below the link of both Original TA/Signals:1st Signal:2nd Signal:Follow for more ideas/Signals.💲Just donate some of your profit to Animal rights or other charity :)✌️