$CAKE
🔴 $CAKE | Short Setup
Price is losing steam — here is what I am watching. 👇
📊 CAKE is exhibiting significant bearish momentum, marked by a nearly 7% decline over the past 24 hours. This pronounced selling pressure, accompanied by high trading volume, suggests a continuation of the downtrend. We anticipate further price depreciation as bears maintain control.
🎯 Trade Plan
• Entry: 2.649
• Stop Loss: 2.702
• TP1: 2.570
• TP2: 2.517
• TP3: 2.464
⚡ Trigger:
Market entry at current price
⚠️ Risk Note:
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results.
#CAKE #Crypto #Short #SwingTrading #Bearish
🔴 $CAKE | Short Setup
Price is losing steam — here is what I am watching. 👇
📊 CAKE is exhibiting significant bearish momentum, marked by a nearly 7% decline over the past 24 hours. This pronounced selling pressure, accompanied by high trading volume, suggests a continuation of the downtrend. We anticipate further price depreciation as bears maintain control.
🎯 Trade Plan
• Entry: 2.649
• Stop Loss: 2.702
• TP1: 2.570
• TP2: 2.517
• TP3: 2.464
⚡ Trigger:
Market entry at current price
⚠️ Risk Note:
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results.
#CAKE #Crypto #Short #SwingTrading #Bearish