Cake’s price just broke below the recent swing low, looks primed for a short swing.
🔴 $CAKE SHORT 📉
Entry $1.9102-$1.9140 | SL $1.9695 (-3.0%) | TP1 $1.8834 (+1.5%) | TP2 $1.8165 (+5.0%) | R/R 1:1.7 | Conf 64%
We got a CHoCH on the 1‑hour, CVD turning negative, a fresh FVG under the break, and an OB right where the liquidity sweep hit. POI confluence is solid with the OB‑FVG overlap, so the down move feels backed up.
A 3 % stop is pretty tight, so stick to 5‑10× max leverage.
Take half profit around the first target as soon as price hits the 1.7 R level.
Not financial advice — always manage your own risk 🙏
$CAKE #CAKEUSDT #THORChain #TradingSignals #Write2Earn
🔴 $CAKE SHORT 📉
Entry $1.9102-$1.9140 | SL $1.9695 (-3.0%) | TP1 $1.8834 (+1.5%) | TP2 $1.8165 (+5.0%) | R/R 1:1.7 | Conf 64%
We got a CHoCH on the 1‑hour, CVD turning negative, a fresh FVG under the break, and an OB right where the liquidity sweep hit. POI confluence is solid with the OB‑FVG overlap, so the down move feels backed up.
A 3 % stop is pretty tight, so stick to 5‑10× max leverage.
Take half profit around the first target as soon as price hits the 1.7 R level.
Not financial advice — always manage your own risk 🙏
$CAKE #CAKEUSDT #THORChain #TradingSignals #Write2Earn