CAKE made a good move last week with 22% up. With news on CAKE burn to reduce drastically the supply from 750M to 450M, the momentum will continue, in my opinion.
The proposed setup is in chart with TPs (blue lines) and SL (below the red line).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Note
Spot is still running for this trade
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Disclaimer
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Related publications
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.