CAKE

#CAKE is moving inside a falling wedge pattern on the 12H timeframe. Consider buying a small bag here, and since the Ichimoku cloud is also acting as resistance, place another buy order near the support zone. If the price breaks out above the wedge resistance, the potential upside targets are: 🎯 $2.522 🎯 $2.737 🎯 $2.910 🎯 $3.083 🎯 $3.330 🎯 $3.644 ⚠️ Always use a tight stop-loss and maintain proper risk management.

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Cake is huge pump incoming Just see Harami candle

// version =5 indicator("Auto Support & Resistance", overlay=true) left = input.int(5, "Pivot Left Bars") right = input.int(5, "Pivot Right Bars") pivotHigh = ta.pivothigh(high, left, right) pivotLow = ta.pivotlow(low, left, right) var line [] srLines = array.new_line() if not na(pivotHigh) line.new(bar_index-right, pivotHigh, bar_index, pivotHigh, extend=extend.right, color=color.red, width=1) if not na(pivotLow) line.new(bar_index-right, pivotLow, bar_index, pivotLow, extend=extend.right, color=color.green, width=1)

The chart shows that CAKE has been mpving within a wide consolidation range for a long time, without a clear long-term trend. After a sharp decline in 2022 and early 2023 then price found stability around 1USDT and has since bounced upward several times.

CAKE is testing the lower boundary of the ascending channel again, which has been acting as solid support for months. As long as price holds above this trendline, we can still expect a bounce from here and continuation toward the upper range. Buyers just need to defend this zone — if they do, we might see a strong move back toward $4.5. Swallow Academy

It seems to be moving towards the ceiling of suffering on its daily support. We will probably have a shadow towards 2.550 and the targets will be 3.75 and eventually 5.20. Trade according to your strategy

CAKE/USDT Short Re-entry — A return to retest the repeatedly tested level. The price failed to break above the daily MA50 (2.95). If the overall market index continues to move down, there’s a high probability of a retest of the daily MA200 and the strong support zone around 2.2–2.3. — Entry: $2.694 (market sell) — Stop: $2.82 — 5% price move from entry to stop (not the loss percentage). — Target: $2.315 Risk per trade: 0.5% of total equity (actual loss percentage). Position size: 10% of total equity, with 10x leverage. Risk-to-Reward: 1 : 2.63

#CAKE The price is moving in an ascending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 2.70, representing a strong support point. We are heading for consolidation above the 100 moving average. Entry price: 2.74 First target: 2.82 Second target: 2.90 Third target: 2.99 Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.

CAKE/USDT Short — A return to retest the repeatedly tested level at 2.75. The price failed to break above the daily MA50 (2.95). If the overall market index continues to move down, there’s a high probability of a retest of the daily MA200 and the strong support zone around 2.2–2.3. — Entry: $2.75 (market sell) — Stop: $2.91 — 6% price move from entry to stop (not the loss percentage). — Target: $2.31 Risk per trade: 0.5% of total equity (actual loss percentage). Position size: 8% of total equity, with 10x leverage. Risk-to-Reward: 1 : 2.54I'm moving the position to breakeven