$CAKE /Update on the USDT market 📉
CAKE is gradually moving downwards, currently trading at 1.234. The price shows a slow bearish momentum, indicating light selling pressure in the market.
CAKE
1.238
-5.13%
🔎 Market Structure
• Current price: 1.234
• Trend: Slow bearish
• Momentum: Gradual downward movement
📍 Key Levels
Support area: 1.23 – 1.22
Resistance area: 1.24 – 1.25
🎯 TP1: 1.23
🎯 TP2: 1.21
❌ SL: Above 1.25
The price is slowly moving down; traders can watch for confirmation before taking short positions or wait for a potential bounce.
#CAKE #CryptoUpdatea #altcoins #USDT #TradingSetup $BTC $