Technical analysis by CRYPTO_HUUNTER about Symbol CAKE: Buy recommendation (6/4/2025)

🍰 CAKEUSDTIn the 4-hour timeframe, CAKE has printed a red candle at key resistance, signaling short-term selling pressure. However, if this doesn’t lead to a deeper move down, it could indicate that overhead supply has been cleared, potentially setting the stage for an upside breakout.---🟢 Long Setup:📍 Entry Trigger: Break and close above $2.464🛡️ Stop-loss Options:Conservative: Below $2.41Safer: Below $2.40📈 Momentum Confirmation:✅ If RSI crosses above 64 on the 1-hour timeframe, it adds further bullish confirmation for the long setup---🚨 Key Resistance to Watch:Major resistance sits at $2.86⚡ If price fails to trigger above $2.464, consider waiting for a confirmed breakout above $2.86 as an alternative long entry---✅ Summary:CAKE is at a technical decision point. If current selling pressure fades and RSI supports momentum, the setup above $2.464 becomes attractive. Watch closely for volume spikes and RSI behavior to confirm strength.