$CAKE looks buyable
Buy zone: 2.314 - 2.327
Take profit: 2.360, then 2.397
Get out if it drops below: 2.245
Wondering if $CAKE is too late? The simple picture
CAKE is trading at 2.327, up 5.1% in the last 24 hours.
The trend is up and every dip keeps getting bought.
It has run hot recently, so a small pullback would be normal.
The chart is squeezing into a rising wedge; these usually end with a sharp move.
Charts give you levels. Your position size decides how much they matter.
Trade CAKE: spot https://www.binance.com/en/trade/CAKE_USDT | futures https://www.binance.com/en/futures/CAKEUSDT
$CAKE #CAKE #Write2Earn #DayTrading #TradingStrategy
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
Buy zone: 2.314 - 2.327
Take profit: 2.360, then 2.397
Get out if it drops below: 2.245
Wondering if $CAKE is too late? The simple picture
CAKE is trading at 2.327, up 5.1% in the last 24 hours.
The trend is up and every dip keeps getting bought.
It has run hot recently, so a small pullback would be normal.
The chart is squeezing into a rising wedge; these usually end with a sharp move.
Charts give you levels. Your position size decides how much they matter.
Trade CAKE: spot https://www.binance.com/en/trade/CAKE_USDT | futures https://www.binance.com/en/futures/CAKEUSDT
$CAKE #CAKE #Write2Earn #DayTrading #TradingStrategy
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
