$CAKE is coiling for a potential breakout — bullish pennant forming on the 4H chart.
After a strong upward move, $CAKE is consolidating inside a tightening pennant while holding around $2.665. A confirmed breakout above the pattern could open the door for another leg higher.
Target zone: $3.15–$3.20
Bias: Bullish above the breakout
Key trigger: Strong 4H close above pennant resistance
Invalidation: Loss of the pennant structure
The setup is attractive, but confirmation matters — no breakout, no chase.
#CAKE #DeFi #Altcoins #CryptoTrading
After a strong upward move, $CAKE is consolidating inside a tightening pennant while holding around $2.665. A confirmed breakout above the pattern could open the door for another leg higher.
Target zone: $3.15–$3.20
Bias: Bullish above the breakout
Key trigger: Strong 4H close above pennant resistance
Invalidation: Loss of the pennant structure
The setup is attractive, but confirmation matters — no breakout, no chase.
#CAKE #DeFi #Altcoins #CryptoTrading