$CAKE /USDT – Short-Term Trade Insight!
CAKE is trading around $2.00–2.01, consolidating after a clean impulse move and holding above key short-term structure.
Current Range
Range Low: $1.94–1.96
Range High: $2.02–2.03
Price is compressing just below the range high, indicating digestion after expansion.
Key Levels
Support: $1.98–1.99 (MA25 zone), then $1.95
Resistance: $2.02–2.03 (recent high), breakout opens $2.10+
Market Signals
MA(7) > MA(25) > MA(99) → bullish short-term alignment.
Strong impulsive leg from $1.93 with higher lows → buyers in control.
Pullbacks are shallow and being bought quickly, showing trend continuation behavior.
Volume expanded on the push up and is now cooling — healthy consolidation.
Trade Scenarios
Long Continuation:
Prefer entries on pullbacks holding $1.98–2.00.
Targets: $2.03 → $2.10
Invalidation: Close below $1.96.
Rejection / Rotation:
Failure to reclaim $2.03 may rotate price back toward $1.98–1.95 support.
Bias Bullish while above $1.96. Trend favors continuation unless structure breaks.
Strong structure, clear levels — wait for confirmation, don’t chase highs.
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