Technical analysis by EhsanZeydabadi about Symbol CAKE: Buy recommendation (5/11/2025)

📊 On the 4H CAKEUSDT chart, price has broken above the mid-term channel resistance and is currently pulling back. If the support zone holds, there’s potential for continuation toward higher resistance levels. A bullish reaction from the 2.299 USDT area could validate the next leg up.🔄 If the correction deepens, the highlighted pink zone offers a strong re-entry opportunity. Key targets on the upside include 2.570, 2.740, and potentially 2.940 USDT if momentum continues.✅ Key Support Levels:🟥 2.401 USDT🟥 2.299 USDT🟥 2.035 USDT🟥 1.830 USDT🚫 Key Resistance Levels:🟩 2.570 USDT🟩 2.740 USDT🟩 2.940 USDT