CAKE is slipping below the 0.3350 resistance, eyeing the 0.3250 zone as sellers take control.
🔴 $CAKE SHORT 📉 — Trade Plan
• Entry: $2.0674 – $2.0716
• Stop: $2.1316 (-3.0%)
• Target 1: $2.0385 (+1.5%)
• Target 2: $1.9660 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A CHoCH broke the bullish swing, while the CVD turned negative confirming the move. The price is now sitting in a confluence of an order block, a fair value gap, and a liquidity sweep, giving the short setup a solid foundation.
A 3.0% stop is relatively tight, so use no more than 5-10x leverage to keep margin safe.
Take partial profit around the first target near 0.3200 to lock in early gains.
Not financial advice — always manage your own risk 🙏
$CAKE #CAKEUSDT #fomcwatch #TradingSignals #Write2Earn
🔴 $CAKE SHORT 📉 — Trade Plan
• Entry: $2.0674 – $2.0716
• Stop: $2.1316 (-3.0%)
• Target 1: $2.0385 (+1.5%)
• Target 2: $1.9660 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A CHoCH broke the bullish swing, while the CVD turned negative confirming the move. The price is now sitting in a confluence of an order block, a fair value gap, and a liquidity sweep, giving the short setup a solid foundation.
A 3.0% stop is relatively tight, so use no more than 5-10x leverage to keep margin safe.
Take partial profit around the first target near 0.3200 to lock in early gains.
Not financial advice — always manage your own risk 🙏
$CAKE #CAKEUSDT #fomcwatch #TradingSignals #Write2Earn