$CAKE A new 24-hour high has been established.
24h +4.75%, current price 2.294, previous high 2.2736.
Structurally, a new high means selling pressure overhead has eased, with relatively little short-term resistance. However, if the price quickly falls back below the previous high, beware of a false breakout. Opportunity or trap?
24h +4.75%, current price 2.294, previous high 2.2736.
Structurally, a new high means selling pressure overhead has eased, with relatively little short-term resistance. However, if the price quickly falls back below the previous high, beware of a false breakout. Opportunity or trap?