CAKE/USDT (LONG)
• Entry: $2.1150 – $2.1450
• Target 1: $2.2850
• Target 2: $2.4500
• Target 3: $2.6800
• Stop Loss: $1.9950
$CAKE is breaking out of its multi-week reaccumulation shelf, surging +7.4% with $27.2M 24h volume 🔥
On the 4H chart, after an extensive reset down to the $1.6724 accumulation floor, CAKE spent days consolidating and carving out a strong rounding base. Recent expansion candles drove price cleanly through the $1.9571 and $1.9846 Bollinger midline shelves with heavy volume participation, confirming buyers have taken full control for a sustained trend continuation.
A decisive close above the $2.1472 24h high confirms the breakout through the upper volatility band, unlocking an explosive extension wave toward Target 1 at $2.2850 and the macro supply shelf at $2.4500.
As long as price holds above the $1.9950 invalidation floor (safely below the $2.0640 local 4H shelf and the $1.9846 breakout base), the asymmetric risk/reward strongly favors the upside continuation.
$CAKE
• Entry: $2.1150 – $2.1450
• Target 1: $2.2850
• Target 2: $2.4500
• Target 3: $2.6800
• Stop Loss: $1.9950
$CAKE is breaking out of its multi-week reaccumulation shelf, surging +7.4% with $27.2M 24h volume 🔥
On the 4H chart, after an extensive reset down to the $1.6724 accumulation floor, CAKE spent days consolidating and carving out a strong rounding base. Recent expansion candles drove price cleanly through the $1.9571 and $1.9846 Bollinger midline shelves with heavy volume participation, confirming buyers have taken full control for a sustained trend continuation.
A decisive close above the $2.1472 24h high confirms the breakout through the upper volatility band, unlocking an explosive extension wave toward Target 1 at $2.2850 and the macro supply shelf at $2.4500.
As long as price holds above the $1.9950 invalidation floor (safely below the $2.0640 local 4H shelf and the $1.9846 breakout base), the asymmetric risk/reward strongly favors the upside continuation.
$CAKE
