Technical analysis by Suhulo about Symbol CAKE: Buy recommendation (3/5/2025)

https://sahmeto.com/message/3296541

Higher low + trend

:Buy

Price at Publish Time:

$1.8

Profit Target:

(+94.88%)$3.5

Stop Loss Price:

(-44.32%)$1

Two sell-off recently and cake formed higher low compared to "big short" in Feb 2025. On the other hand there is long-term trend pointing the area 3.5-4.0usd as the next resistance. If broken the price can gain traction quickly as there is not much sell pressure in higher levels.

Source Message: TradingView