🔷️ $CAKE is showing the reaction I was waiting for.
🟢 The weekly structure is holding the key support area and starting to build a stronger base after a long consolidation phase. Buyers are defending the lower range, while the 🟡 resistance zone above remains the main area that needs to be reclaimed for a stronger trend confirmation.
📊 Compared with my previous #Cake analysis, the important point is that the support structure remains intact. Price is still respecting the broader accumulation setup, but confirmation from the next breakout attempt will be important. For now, I’m watching the reaction between support and resistance rather than chasing short-term moves.
⚠️ Not financial advice.
#CAKE #crypto #bitcoin #defi
🟢 The weekly structure is holding the key support area and starting to build a stronger base after a long consolidation phase. Buyers are defending the lower range, while the 🟡 resistance zone above remains the main area that needs to be reclaimed for a stronger trend confirmation.
📊 Compared with my previous #Cake analysis, the important point is that the support structure remains intact. Price is still respecting the broader accumulation setup, but confirmation from the next breakout attempt will be important. For now, I’m watching the reaction between support and resistance rather than chasing short-term moves.
⚠️ Not financial advice.
#CAKE #crypto #bitcoin #defi