📊 CAKE/USDT Trade Setup Overview
Taking a closer look at CAKE/USDT, price action has been moving nicely with a strong bullish trend on the 4H chart — printing consistent higher highs and higher lows 🔼📈.
Right now, it’s looking a little overextended, and I’m eyeing a potential pullback into my optimal entry zone around the 50%–61.8% Fibonacci retracement level 🎯📉.
That’s my point of interest, but it's important to keep in mind that the pullback may either be shallow or extend deeper before stabilizing 🌀. The key for me is to wait for price to find support in that zone, followed by a bullish break in market structure on the lower timeframe (15m or 30m) 🧱✅ — that would be my signal to enter long.
This is not financial advice — always do your own analysis before trading. ⚠️
Taking a closer look at CAKE/USDT, price action has been moving nicely with a strong bullish trend on the 4H chart — printing consistent higher highs and higher lows 🔼📈.
Right now, it’s looking a little overextended, and I’m eyeing a potential pullback into my optimal entry zone around the 50%–61.8% Fibonacci retracement level 🎯📉.
That’s my point of interest, but it's important to keep in mind that the pullback may either be shallow or extend deeper before stabilizing 🌀. The key for me is to wait for price to find support in that zone, followed by a bullish break in market structure on the lower timeframe (15m or 30m) 🧱✅ — that would be my signal to enter long.
This is not financial advice — always do your own analysis before trading. ⚠️
👀 🚀 Clarity In The CHAOS - See 'Buy/Sell Signals Built To WIN' Video: 🔥💰
🔗 youtu.be/HmO91TrA9cM
👉Join Our Free DISCORD For MORE:
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👉 LinkTree:
🔗 linktr.ee/anthonyborn
🔗 youtu.be/HmO91TrA9cM
👉Join Our Free DISCORD For MORE:
🔗 discord.com/invite/PcBeCdwVQq
👉 LinkTree:
🔗 linktr.ee/anthonyborn
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.
👀 🚀 Clarity In The CHAOS - See 'Buy/Sell Signals Built To WIN' Video: 🔥💰
🔗 youtu.be/HmO91TrA9cM
👉Join Our Free DISCORD For MORE:
🔗 discord.com/invite/PcBeCdwVQq
👉 LinkTree:
🔗 linktr.ee/anthonyborn
🔗 youtu.be/HmO91TrA9cM
👉Join Our Free DISCORD For MORE:
🔗 discord.com/invite/PcBeCdwVQq
👉 LinkTree:
🔗 linktr.ee/anthonyborn
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.