๐จ $BAKE /USDT โ BakeryToken Dumps -24%, Testing Crucial $0.059 Support! โ ๏ธ
$BAKE is trading at $0.0592, sharply down after failing to hold the $0.075โ$0.09 range. The big question: Will BAKE bounce from $0.059โ$0.050 support or extend losses toward $0.0482? Letโs analyze ๐
๐ Market Overview
๐ Current Price: $0.0592
๐ 24h High: $0.0908
โ๏ธ 24h Low: $0.0503
๐ Parabolic SAR: $0.0661 (now acting as resistance)
๐ MACD Momentum:
DIF: -0.0068 (bearish pressure)
DEA: -0.0049
MACD: -0.0037 (downtrend continuation)
๐ BAKE Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BAKE Holds Above $0.059):
Entry: Above $0.060โ$0.061
Targets: $0.0661, $0.0750, $0.0839+
Stop-Loss: $0.0503
๐น Bearish Scenario (If BAKE Breaks Below $0.059):
Entry: Below $0.0585โ$0.0580
Targets: $0.0530, $0.0503, $0.0482
Stop-Loss: $0.0610
๐ Should You Hold or Sell?
โ ๏ธ BAKE losing momentum with MACD still bearish.
โ Holding above $0.059โ$0.060 may allow a rebound toward $0.066โ$0.075.
โ ๏ธ Failure to defend $0.059 could lead to deeper correction into the $0.05 zone.
๐ก Pro Tip: ๐ Best approach is range scalping $0.059โ$0.075 until BAKE confirms direction. A strong reclaim of $0.0839+ would flip momentum bullish again.
๐ข Whatโs your BAKE strategyโbuying the dip, shorting breakdowns, or waiting for a reversal?
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