$CAKE : WAIT - bounce not yet at broken support.
What happened: PancakeSwap held near 1.77 for ten hours then fell to 1.686. It sits at 1.731 under the broken floor while Bitcoin stays weak near 67449.
Entry: 1.768, only if an hourly candle closes back under 1.765 after a tap.
Stop loss: 1.800, about 1.8 pct above entry.
Target 1: 1.70, gives 1.7 times the risk.
Target 2: 1.65, gives 3.1 times the risk.
Avoid buying this bounce, it runs into broken support while Bitcoin is weak.
What cancels the idea: an hourly candle close over 1.80 kills the short.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: PancakeSwap held near 1.77 for ten hours then fell to 1.686. It sits at 1.731 under the broken floor while Bitcoin stays weak near 67449.
Entry: 1.768, only if an hourly candle closes back under 1.765 after a tap.
Stop loss: 1.800, about 1.8 pct above entry.
Target 1: 1.70, gives 1.7 times the risk.
Target 2: 1.65, gives 3.1 times the risk.
Avoid buying this bounce, it runs into broken support while Bitcoin is weak.
What cancels the idea: an hourly candle close over 1.80 kills the short.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
