🧀$CAKE
CAKEUSDT
Perp
1.8215
+1.02%
BULLISH CONTINUATION SETUP
$CAKE is showing steady bullish momentum after holding a key support zone near 1.788. Price consolidation indicates accumulation, suggesting a potential continuation toward higher resistance levels. A breakout above immediate resistance with volume confirmation will validate the bullish trend.
Entry: On pullback near 1.840 or breakout above 1.851
Targets (TP):
TP1: 1.851
TP2: 1.860
TP3: 1.880
Stop Loss (SL): Below 1.780
Risk Management: Risk 2-3% of trading capital per trade; trail SL as price progresses.