Technical analysis by mudusir about Symbol CAKE: Buy recommendation (5/23/2025)

Hey traders! 👋#CAKE is currently consolidating within a symmetrical triangle – a classic setup that often precedes a big move! The price action is tightening, and momentum is building. 📈🔍 What We're Watching:Pattern: Symmetrical TriangleBias: Bullish, with potential for upside breakoutKey Resistance: 2.65Entry Plan:We'll wait for a confirmed breakout above resistance, followed by a clean retest of the broken structure. If the retest holds, that’s our cue to go long!✅ Risk Management: Stop-loss just below the retest zone. Target based on measured move of the triangle.🧠 Why This Setup Matters:Triangle breakouts often lead to strong continuation moves, especially in trending markets. If BTC and the broader altcoin market remain bullish, #CAKE could cook up a nice rally!💬 Let me know your thoughts! Are you bullish on #CAKE too?💡 Drop your targets in the comments!📈 Like & follow for more chart setups and trade ideas.#CAKEUSDT #CryptoTrading #TriangleBreakout #Altcoins #TradingView #PriceAction #TechnicalAnalysis #BullishBreakout #CryptoSetup #TradersJournalTrade is active, CAKE is break the resistance level and also retest the resistance. that is the confirmation of the bullish move.