CAKE/USDT SHORT
Entry Zone: 1.748 – 1.758
Stop Loss: 1.784
TP1: 1.739
TP2: 1.724
TP3: 1.710
CAKE rejected the recent 1.7817 high and has struggled to maintain momentum.
Current price is sitting around the MA7, MA25 and MA99, showing a lack of clear momentum.
The 1.754–1.758 region is an important near-term resistance area.
A rejection from this zone followed by a move under 1.739 would strengthen the short.
Recent daily data shows CAKE has been trading in a relatively wide range, with recent highs around the $1.76–$1.80 area.
$CAKE
Entry Zone: 1.748 – 1.758
Stop Loss: 1.784
TP1: 1.739
TP2: 1.724
TP3: 1.710
CAKE rejected the recent 1.7817 high and has struggled to maintain momentum.
Current price is sitting around the MA7, MA25 and MA99, showing a lack of clear momentum.
The 1.754–1.758 region is an important near-term resistance area.
A rejection from this zone followed by a move under 1.739 would strengthen the short.
Recent daily data shows CAKE has been trading in a relatively wide range, with recent highs around the $1.76–$1.80 area.
$CAKE
