$CAKE /USDT — SHORT SETUP
CAKE is trading below the MA60 at 2.707 after failing to hold higher levels. Price is around 2.697, with short-term structure still under pressure.
Entry: 2.705 – 2.707
TP1: 2.699
TP2: 2.694
SL: 2.714
I’m watching the MA60 area closely. A rejection there could keep the bearish setup in play. 📉
CAKE is trading below the MA60 at 2.707 after failing to hold higher levels. Price is around 2.697, with short-term structure still under pressure.
Entry: 2.705 – 2.707
TP1: 2.699
TP2: 2.694
SL: 2.714
I’m watching the MA60 area closely. A rejection there could keep the bearish setup in play. 📉