#CAKE broke above the ascending triangle resistance, but due to Bitcoin's drop, it pulled back inside the triangle.
📌 If you're looking to enter, consider placing a buy order near the support level at $2.439.
In case of a bounce and a breakout above the triangle resistance, the upside targets are:
🎯 $3.106
🎯 $3.581
🎯 $4.186
⚠️ As always, use a tight stop-loss and apply proper risk management.
📌 If you're looking to enter, consider placing a buy order near the support level at $2.439.
In case of a bounce and a breakout above the triangle resistance, the upside targets are:
🎯 $3.106
🎯 $3.581
🎯 $4.186
⚠️ As always, use a tight stop-loss and apply proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.