📉 $CAKE

CAKE
CAKEUSDT
1.2885
-2.61%

Short Setup: Momentum Fading

​PancakeSwap ($CAKE) is struggling to break through the $1.32–$1.35 supply zone. With the price trading below clustered Moving Averages and the RSI showing weakness under 40, the path of least resistance remains down.

​A 1-hour candle close below $1.10 could trigger a sharp move toward the $1.00 liquidity pool.

​🎯 Trade Details

​Direction: Short (Future)

​Entry: $1.29 – $1.32

​Stop Loss: $1.38

​💰 Profit Targets

​TP1: $1.18

​TP2: $1.05

​TP3: $0.92

​Nabiha Noor's Note: MACD is firmly negative and volume expansion on a breakdown will confirm the continuation. However, a reclaim and hold above $1.35 invalidates this bearish bias. Trade with discipline!

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