Binance Square
#squarito

squarito

280 views
3 Discussing
pbstonks
·
--
Bearish
Returning to what’s ours, yesterday I bought apple pancakes, and God it smells delicious— that made me think of an old “acquaintance.” Does anyone remember $CAKE ? It seems like right now it’s giving us a possible opportunity: a bearish one, but in the end it could serve. From its current 1.4346, it’s struggling to hold the shape it’s in in the short term. If we look at the daily chart in image 1, Cake is in a bearish wedge, and it’s precisely at the upper part of the wedge, which could signal an opportunity to open a short, targeting 1.11 USD—that’s about a 20% move from its current value. If we look at the 15-minute chart in image 2, we can see a small consolidation that could support one of the two cases shown by the arrows. Personally, I lean toward Red, because the moving averages are cutting downward and the RSI doesn’t really inspire confidence that it will rise much. What do you think, everyone? Please don’t forget to send me love and lots of luck. And remember: if anyone wants to make this humble #squarito happy, you can donate #mypreciousbtc —so that’s $BTC {spot}(CAKEUSDT) {future}(CAKEUSDT) 😅🤩
Returning to what’s ours, yesterday I bought apple pancakes, and God it smells delicious— that made me think of an old “acquaintance.” Does anyone remember $CAKE ? It seems like right now it’s giving us a possible opportunity: a bearish one, but in the end it could serve. From its current 1.4346, it’s struggling to hold the shape it’s in in the short term. If we look at the daily chart in image 1, Cake is in a bearish wedge, and it’s precisely at the upper part of the wedge, which could signal an opportunity to open a short, targeting 1.11 USD—that’s about a 20% move from its current value. If we look at the 15-minute chart in image 2, we can see a small consolidation that could support one of the two cases shown by the arrows. Personally, I lean toward Red, because the moving averages are cutting downward and the RSI doesn’t really inspire confidence that it will rise much. What do you think, everyone? Please don’t forget to send me love and lots of luck. And remember: if anyone wants to make this humble #squarito happy, you can donate #mypreciousbtc —so that’s $BTC

😅🤩
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number