📉 Price stuck below resistance with EMA alignment turning bearish.

🔴 SHORT $CAKE

Entry: 1.303 – 1.306

SL: 1.318

🎯 TP1: 1.295

🎯 TP2: 1.288

🎯 TP3: 1.280

4H price trading below EMA200 at 1.305. EMA20 and EMA50 flattening at 1.306-1.307.

RSI at 46 and falling. Volume light on the bounce.

⚠️ Invalidation: Setup invalid if price closes above 1.312.

Trade $CAKE here 👇

CAKE
CAKEUSDT
1.4267
+2.72%