CAKE started lifting the closing price step by step from 19 o’clock. At 21 o’clock, volume clearly increased, with the high reaching 2.858, but in the end it only closed at 2.833. Bids really did come in, but that previous high hasn’t been reclaimed by the close.
I don’t oppose this upward move, I just won’t stamp it in advance. $CAKE If later there is a full hour that closes above 2.858, and the volume is higher than the closed hourly candles of the three hours prior to the trigger, then I’ll consider joining the spot move in line with it.
If after triggering it the price pulls back below 2.805, and the low at the 21-point line is broken, consider the setup invalid. Let the trend move slowly; only confirm when there’s no need to guess. As long as the threshold remains, let the close work itself out.