Technical analysis by surapats about Symbol CAKE: Sell recommendation (5/8/2022)

As long as TVL of Pancakeswap does not increase explicitly, CAKE token is rather tough to go up right now. Technical signal is also obvious for trading in downtrend after the token price try to test tunnel line twice but unable to break out. I waited for WTZ3 setup and entered after it broke down the wave line. The previous low is expected target for this plan. Good luck!