๐ฅ Recommendation & Analysis | $CAKE โ Extremely Overbought ๐โก๏ธ๐
๐ด SHORT | Sell
๐ Price: $1.994
๐ Timeframe: 1H
โ ๏ธ RSI: 80.26 โ Extreme Overbought
๐ Analysis:
RSI reaching 80.26 indicates a very strong buying saturation, which increases the likelihood of a correction or taking profits in the short term. Itโs best to wait for a rejection candle to appear before entering.
๐ Entry: $1.990 โ $2.005
๐ฏ Targets:
1๏ธโฃ $1.970
2๏ธโฃ $1.945
3๏ธโฃ $1.915
๐ Stop Loss: $2.025
โ ๏ธ Being overbought doesnโt necessarily mean a guaranteed drop; if the top is broken and momentum continues, the uptrend may extend.
โค๏ธ Your support makes a difference to me
#CAKE $CAKE
๐ด SHORT | Sell
๐ Price: $1.994
๐ Timeframe: 1H
โ ๏ธ RSI: 80.26 โ Extreme Overbought
๐ Analysis:
RSI reaching 80.26 indicates a very strong buying saturation, which increases the likelihood of a correction or taking profits in the short term. Itโs best to wait for a rejection candle to appear before entering.
๐ Entry: $1.990 โ $2.005
๐ฏ Targets:
1๏ธโฃ $1.970
2๏ธโฃ $1.945
3๏ธโฃ $1.915
๐ Stop Loss: $2.025
โ ๏ธ Being overbought doesnโt necessarily mean a guaranteed drop; if the top is broken and momentum continues, the uptrend may extend.
โค๏ธ Your support makes a difference to me
#CAKE $CAKE