$CAKE — the move back above 2.3 still needs to hold
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$CAKE is trading around 2.41 $USDT. After the pullback, the price moved back above 2.3, but remains below the 20-day average.
Holding 2.3 on the retest and a daily close above 2.5 would strengthen the case for a move toward 2.8 — the area of recent highs.
A daily close below 2.08 would invalidate the thesis that the recovery base is holding. The move back above 2.3 alone does not mean all obstacles have been cleared.
Subscribe + like in advance
$CAKE is trading around 2.41 $USDT. After the pullback, the price moved back above 2.3, but remains below the 20-day average.
Holding 2.3 on the retest and a daily close above 2.5 would strengthen the case for a move toward 2.8 — the area of recent highs.
A daily close below 2.08 would invalidate the thesis that the recovery base is holding. The move back above 2.3 alone does not mean all obstacles have been cleared.