$CAKE Swing Trade (4hโ1D)
๐ CAKE USDT ๐ด SHORT ๐ ๐ฅ ๐ฅ ๐จ
ยท Entry: Short on a rejection from 1.406 with bearish divergence on RSI.
๐ฏTarget:1 1.371
๐ฏTarget 2 1.350
ยท Stop-Loss: Above 1.415.
ยท Note: Only if broader DeFi news (AMA) fails to spark volume.
Volume Check: Ensure 24h Vol (USDT) > 1M for liquidity.
ยท News Catalyst: Monitor Binance AMA โ positive news could break resistance; negative news could accelerate downside.
๐ CAKE USDT ๐ด SHORT ๐ ๐ฅ ๐ฅ ๐จ
ยท Entry: Short on a rejection from 1.406 with bearish divergence on RSI.
๐ฏTarget:1 1.371
๐ฏTarget 2 1.350
ยท Stop-Loss: Above 1.415.
ยท Note: Only if broader DeFi news (AMA) fails to spark volume.
Volume Check: Ensure 24h Vol (USDT) > 1M for liquidity.
ยท News Catalyst: Monitor Binance AMA โ positive news could break resistance; negative news could accelerate downside.