CAKE's been spiking down, looking ripe for a short swing. The price just slipped under the recent swing low.
đŽ $CAKE SHORT đ
Entry $2.3989-$2.4037 | SL $2.4733 (-3.0%) | TP1 $2.3653 (+1.5%) | TP2 $2.2812 (+5.0%) | R/R 1:1.7 | Conf 64%
We got a clean break of market structure and the order block is now an open sell zone, with a liquidity sweep wiping out the last buyers. CVD shows volume backing the move and the fair value gap lines up right under the break. All that POI confluence makes the downside feel solid.
A 3% stop is a bit tight, so stick to low leverage like 2x to keep risk sane.
Take half profit around the first target if it hits the 1.7âŻR/R level.
DYOR â this isn't financial advice, size your risk accordingly đ
$CAKE #CAKEUSDT #SMC #TradingSignals #Write2Earn
đŽ $CAKE SHORT đ
Entry $2.3989-$2.4037 | SL $2.4733 (-3.0%) | TP1 $2.3653 (+1.5%) | TP2 $2.2812 (+5.0%) | R/R 1:1.7 | Conf 64%
We got a clean break of market structure and the order block is now an open sell zone, with a liquidity sweep wiping out the last buyers. CVD shows volume backing the move and the fair value gap lines up right under the break. All that POI confluence makes the downside feel solid.
A 3% stop is a bit tight, so stick to low leverage like 2x to keep risk sane.
Take half profit around the first target if it hits the 1.7âŻR/R level.
DYOR â this isn't financial advice, size your risk accordingly đ
$CAKE #CAKEUSDT #SMC #TradingSignals #Write2Earn