🚨$CAKE
CAKE
1.806
-2.32%
BEARISH SETUP: POTENTIAL DOWNSIDE MOVE
The $CAKE chart shows early signs of bearish momentum after price faced rejection near the 1.880–1.900 resistance zone. Lower highs on the 1H timeframe indicate sellers are gradually gaining control. A break below immediate support at 1.834 could trigger further downside, providing a shorting opportunity.
Entry: Short near 1.860–1.880 resistance
Targets:
TP1: 1.834
TP2: 1.810
TP3: 1.790
Stop Loss: Above 1.900 resistance
Risk Management: Risk 1–2% per trade, scale out partially at each target to secure profits.