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Cakeusdtprep

CAKE/USDT – Head & Shoulders Breakdown in Play Pair: CAKE/USDT 💱 Timeframe: 1D 📅 Pattern: Head and Shoulders Top 🧠 CAKE is developing a clear head and shoulders pattern on the daily chart, often seen as a bearish reversal setup. Price is currently testing the neckline support around 2.18, which also aligns with an ascending trendline. A breakdown here could trigger downside continuation. Bearish scenario ❌ If CAKE closes below the neckline and trendline (under 2.15–2.10): 🎯 Target 1: 1.85 🎯 Target 2: 1.55 🛑 Stop loss: above 2.45 (right shoulder top) Bullish reclaim ✅ If bulls defend the neckline and reclaim 2.35 with strong volume, the pattern may invalidate and lead to a rally. ⚠️ Volume confirmation is key — wait for a clean break and retest for confirmation.
Short
by Crypto-By--Ghazi
#CAKE/USDT#CAKE The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest. We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.35. We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are heading towards stability above the 100 Moving Average. Entry price: 2.38 First target: 2.41 Second target: 2.45 Third target: 2.50
Long
by CryptoAnalystSignal