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$CAKE break out diagonal trendline on h4 frame.
There has been a successful test of the area 1.36.
Currently, it is uncertain whether there will be a large retracement wave, but in the short term, there will be a test of the peak of the trendline at the level of 1.5-1.55$.
Stoploss at 1.35 means 2%. Thus, the minimum R:R ratio can reach 5:1 already. Worth buying, right? If tighter, with stoploss at 1.36, it is 1.2%, then R:R can even be 8:1 🤔🤔🤔
There has been a successful test of the area 1.36.
Currently, it is uncertain whether there will be a large retracement wave, but in the short term, there will be a test of the peak of the trendline at the level of 1.5-1.55$.
Stoploss at 1.35 means 2%. Thus, the minimum R:R ratio can reach 5:1 already. Worth buying, right? If tighter, with stoploss at 1.36, it is 1.2%, then R:R can even be 8:1 🤔🤔🤔
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