$CAKE Hit a new 24-hour high.
Over the past 24 hours: +4.75%; current price: 2.294; previous high: 2.2736.
Technically, reaching a new high suggests selling pressure above this level has eased and short-term resistance is relatively lower. However, if the price quickly falls below the previous high, beware of a false breakout. Is this an opportunity or a trap?
$CAKE
#CAKE
Over the past 24 hours: +4.75%; current price: 2.294; previous high: 2.2736.
Technically, reaching a new high suggests selling pressure above this level has eased and short-term resistance is relatively lower. However, if the price quickly falls below the previous high, beware of a false breakout. Is this an opportunity or a trap?
$CAKE
#CAKE