🚀 $CAKE /USDT Technical Analysis – Reversal Incoming or More Drop? 📉
📌 Current Price: $1.81 (-14.49%)
📊 24h High: $2.195 | 24h Low: $1.789
📈 24h Volume: 22.23M CAKE (~$43.07M USDT)
📉 Market Overview – Heavy Sell-Off!
CAKE/USDT has dropped sharply, losing over 14% in the past 24 hours. The price is now near the $1.78-$1.80 support zone, a crucial level for potential reversal.
📊 Key Technical Indicators:
✅ SAR (0.02, 0.2) = 1.797 (Slight bullish sign)
✅ Resistance Levels: $1.90 - $2.00
✅ Daily Change: -14.49% (High volatility)
🎯 Trade Setup & Targets – Long & Short Opportunities!
🚀 Long Trade (If $1.78 Holds as Support!)
📍 Entry: $1.78 – $1.82
🎯 Target 1: $1.90
🎯 Target 2: $2.00
🎯 Target 3: $2.15
⛔ Stop-Loss: $1.75
⚡ Short Trade (If $1.78 Breaks Down!)
📍 Entry: Below $1.78
🎯 Target 1: $1.72
🎯 Target 2: $1.65
🎯 Target 3: $1.58
⛔ Stop-Loss: $1.86
📉 Trade Momentum – What’s Next?
🔻 Short-Term: Bearish – CAKE is under strong selling pressure, and $1.78 is the key support level to watch.
⚡ Breakout Possible? – If CAKE regains $1.90+, a recovery rally could start!
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