$CAKE 7 A new daily low has appeared.
24h: -10.71%, current price: 2.192, previous low: 2.2054.
Structurally, a new low means the bulls’ line of defense has been breached. The first thing to watch on a rebound is whether the price can reclaim the previous low. If it can’t, the weakness is likely to continue; if it does, a bottoming structure may be forming. How do you interpret this information?
#CAKE
Stay rational and act within your means.
24h: -10.71%, current price: 2.192, previous low: 2.2054.
Structurally, a new low means the bulls’ line of defense has been breached. The first thing to watch on a rebound is whether the price can reclaim the previous low. If it can’t, the weakness is likely to continue; if it does, a bottoming structure may be forming. How do you interpret this information?
#CAKE
Stay rational and act within your means.