🚨 $CAKE /USDT (30m Timeframe) - Approaching Major Supply Zone! 📉
$CAKE has made a strong impulsive move upwards and is now testing a strong overhead Supply Zone ($2.500 - $2.540).
With RSI sitting near 63.72, momentum is starting to cool down near resistance, indicating a potential pullback or short trade setup.
📌 Bearish Setup Plan:
• Entry Zone: $2.480 - $2.500
• Target 1 (TP1): $2.420
• Target 2 (TP2): $2.368
• Stop Loss (SL): $2.546 (Strict Risk Management)
Watch for lower timeframe rejection candles before entering! 📊
How are you trading $CAKE today? Drop your thoughts below! 👇
⚠️ Disclaimer: Content provided is for educational purposes only. Always manage your risk and DYOR (Do Your Own Research) before taking any financial decisions.#CAKEUSDT #BearishAlert
$CAKE has made a strong impulsive move upwards and is now testing a strong overhead Supply Zone ($2.500 - $2.540).
With RSI sitting near 63.72, momentum is starting to cool down near resistance, indicating a potential pullback or short trade setup.
📌 Bearish Setup Plan:
• Entry Zone: $2.480 - $2.500
• Target 1 (TP1): $2.420
• Target 2 (TP2): $2.368
• Stop Loss (SL): $2.546 (Strict Risk Management)
Watch for lower timeframe rejection candles before entering! 📊
How are you trading $CAKE today? Drop your thoughts below! 👇
⚠️ Disclaimer: Content provided is for educational purposes only. Always manage your risk and DYOR (Do Your Own Research) before taking any financial decisions.#CAKEUSDT #BearishAlert
