đ„ $CAKE 4H: Breakout Confirmed â Can Bulls Extend the Rally?
â° Timeframe: 4H
đ Market Bias: Bullish
$CAKE has printed a strong impulsive breakout with price trading above the MA(7), MA(25), and MA(99). Momentum favors buyers, but after the sharp rally a healthy pullback is possible before continuation.
đŻ Trade Setup: LONG (Buy the Retest)
Entry Zone: 1.435â1.445
Stop Loss: 1.395
TP1: 1.484
TP2: 1.520
TP3: 1.570
Risk:Reward: ~1:2.7
Trade Invalidation: 4H candle closes below 1.395.
đ Technical Analysis
Price Action: Strong bullish impulse followed by a controlled pullback.
Market Structure: Bullish BOS with higher highs and higher lows.
Support: 1.435, then 1.400.
Resistance: 1.484, followed by 1.520.
EMA/MA: MA(7) > MA(25) and price above MA(99), confirming bullish momentum.
Volume: Breakout occurred with expanding volume, supporting buyer strength. Watch for sustained volume on continuation.
SMC: Liquidity above previous highs has been swept. The 1.43â1.44 region is a potential bullish order block/retest zone. A successful hold strengthens the continuation setup.
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â° Timeframe: 4H
đ Market Bias: Bullish
$CAKE has printed a strong impulsive breakout with price trading above the MA(7), MA(25), and MA(99). Momentum favors buyers, but after the sharp rally a healthy pullback is possible before continuation.
đŻ Trade Setup: LONG (Buy the Retest)
Entry Zone: 1.435â1.445
Stop Loss: 1.395
TP1: 1.484
TP2: 1.520
TP3: 1.570
Risk:Reward: ~1:2.7
Trade Invalidation: 4H candle closes below 1.395.
đ Technical Analysis
Price Action: Strong bullish impulse followed by a controlled pullback.
Market Structure: Bullish BOS with higher highs and higher lows.
Support: 1.435, then 1.400.
Resistance: 1.484, followed by 1.520.
EMA/MA: MA(7) > MA(25) and price above MA(99), confirming bullish momentum.
Volume: Breakout occurred with expanding volume, supporting buyer strength. Watch for sustained volume on continuation.
SMC: Liquidity above previous highs has been swept. The 1.43â1.44 region is a potential bullish order block/retest zone. A successful hold strengthens the continuation setup.
#Cake #CAKEtoken #CAKEUSDT #CAKE.æșèœçç„ćșđ„đ„ #CAKEUSDT
