🚀 LONG
$CAKE 💰 Entry: 2.7760
🛡 Stop-loss: 2.7197 (−2.0%)
🎯 Take-profit: 2.8475 → 2.8928
📈 A large bullish body just swallowed the range off the EMA20 pullback — CAKE's dip ended and buyers reclaimed the trend in one candle.
• Trend is intact: full EMA stack with a wide 7.8% spread, and price pulled back just 1% to EMA20 before bouncing
• Confirmation candle is decisive: an 84% body printing nearly a full ATR range right at support
• HTF confluence is rare and clean — 4H, daily and Elliott wave counts all point the same direction
• RSI at 57 leaves room to run, far from overbought, while OBI at 0.09 shows bids firming on the book
• Stop sits just 2% below in a defined swing zone against roughly double the reward — favorable R:R
⭐ Score 63/100 ★★★☆☆
Trend-followers' entry: scale in on a candle close holding above EMA20, stop tight under the recent swing.
💬 Long
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