๐ $CAKE hit a new 7-day low; selling pressure hasnโt let up.
Current price: 2.246, breaking below the previous low of 2.2524. 24-hour trading volume: $7.49 million.
There are usually plenty of stop-loss orders on long positions below the previous low. Breaking below it can trigger a cascade of stop-losses; watch for large buy orders absorbing the selling at lower levels.
#CAKE
Be aware of the risks and make your own decisions. This is not investment advice.
Current price: 2.246, breaking below the previous low of 2.2524. 24-hour trading volume: $7.49 million.
There are usually plenty of stop-loss orders on long positions below the previous low. Breaking below it can trigger a cascade of stop-losses; watch for large buy orders absorbing the selling at lower levels.
#CAKE
Be aware of the risks and make your own decisions. This is not investment advice.