šØ $CAKE THEY HACKED THE ACCOUNT AND IT STILL WENT UP
CAKE is up +1.75% today on $6.8M in volume, while $UNI +2.46% and $JUP +2.73% are up a little more.
Hereās what the market is overlooking:
ā PancakeSwap confirmed today that its Chinese X account was hacked to promote a fake āSir Pancakeā token ā and CAKE is still up, because the hack didnāt affect user funds or the platform.
ā Divergence: UNI +2.46%, JUP +2.73%ā¦ and CAKE +1.75%. Itās rising, but less than its DEX rivals.
ā Progression: rises ā breaks $2.1374 ā targets $2.1579.
LONG entry $2.1005 ā $2.1127, stop $2.0933, TP1 $2.1374, TP2 $2.1579. If it loses $2.0933, the long is over and you exit.
Keep in mind: the hack was only of the X account, not the platform ā but the scammers have already made between $8,000 and $13,000 with the fake token. The long bet assumes the market has already priced in the scare, not that the risk has disappeared.
š Would you buy CAKE after its official account was hacked? Let me know in the comments.
$CAKE #PancakeSwap #Hackeo #Trading
CAKE is up +1.75% today on $6.8M in volume, while $UNI +2.46% and $JUP +2.73% are up a little more.
Hereās what the market is overlooking:
ā PancakeSwap confirmed today that its Chinese X account was hacked to promote a fake āSir Pancakeā token ā and CAKE is still up, because the hack didnāt affect user funds or the platform.
ā Divergence: UNI +2.46%, JUP +2.73%ā¦ and CAKE +1.75%. Itās rising, but less than its DEX rivals.
ā Progression: rises ā breaks $2.1374 ā targets $2.1579.
LONG entry $2.1005 ā $2.1127, stop $2.0933, TP1 $2.1374, TP2 $2.1579. If it loses $2.0933, the long is over and you exit.
Keep in mind: the hack was only of the X account, not the platform ā but the scammers have already made between $8,000 and $13,000 with the fake token. The long bet assumes the market has already priced in the scare, not that the risk has disappeared.
š Would you buy CAKE after its official account was hacked? Let me know in the comments.
$CAKE #PancakeSwap #Hackeo #Trading
