$CAKE Alright, letโs analyze CAKE/USDT (1D chart) carefully ๐
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๐ Chart Breakdown
Price: $3.097 (+17.85%)
24h Range: $2.606 โ $3.239
EMA Levels:
EMA(7): 2.819 โ Price above (short-term bullish)
EMA(25): 2.692 โ Price above (mid-term bullish)
EMA(99): 2.577 โ Price above (long-term bullish)
๐ This alignment (7 > 25 > 99) confirms trend reversal to bullish.
MACD:
DIF: 0.069, DEA: 0.034 โ Histogram positive at 0.034 โ Bullish momentum increasing.
Stoch RSI:
Stoch RSI: 53.8, MA Stoch RSI: 29.1 โ Mid-zone, not overbought โ still room to push higher.
Volume: Spike in buying volume = confirms breakout.
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๐ Trade Plan
Entry Zone (Buy):
Ideal re-entry on pullback: $2.90 โ $2.95
Aggressive entry: $3.05 โ $3.10 (current breakout zone).
Take Profit Targets (TP):
1. TP1: $3.30 โ $3.35 (short-term resistance, yesterdayโs high)
2. TP2: $3.60 (next resistance area)
3. TP3: $4.00 (psychological + strong resistance)
Stop Loss (SL):
Conservative: $2.75 (below EMA25 support)
Aggressive: $2.60 (24h low).
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