$CAKE /USDT BEARISH ANALYSIS – PRICE REJECTED AT RESISTANCE SHOWING WEAKNESS

CAKE/USDT is under pressure as it trades near its 24h low and fails to sustain above intraday resistance. The repeated rejection and lower highs signal sellers are active, increasing the chance of a downside continuation if support breaks.

KEY LEVELS:

Resistance Levels: 2.697 – 2.753

Support Levels: 2.645 – 2.620

TRADE SETUP:

Short Entry: Below 2.645 confirmation

Targets (TP): TP1: 2.620 | TP2: 2.590 | TP3: 2.560

Stop Loss (SL): Above 2.697

RISK MANAGEMENT:

Risk only 1–2% of total capital per trade, move SL to breakeven after TP1, and trail profits for deeper downside to secure gains.

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