$CAKE IS BOUNCING INTO A RESISTANCE ZONE THAT CRUSHED BUYERS BEFORE 🔥
Entry: 1.29 - 1.33 🔥
Target: 1.24 / 1.19 / 1.13 🚀
Stop Loss: 1.43 ⚠️
This bounce is bringing buyers straight into a major supply zone that has rejected price multiple times this month. The crowd is piling into the recovery, but liquidity sits clearly below the recent lows. If this level holds as resistance, the structure favors a sweep of 1.24 and lower.
The entry range offers a clean 2:1 risk-to-reward on the first target alone, making this a high-probability short if you are patient for the rejection. Are you selling into this strength or waiting for a cleaner break of structure?
Not financial advice. Always manage your risk.
#CAKE #ShortSetup #Resistance #Bearish #DeFi
🔥
Entry: 1.29 - 1.33 🔥
Target: 1.24 / 1.19 / 1.13 🚀
Stop Loss: 1.43 ⚠️
This bounce is bringing buyers straight into a major supply zone that has rejected price multiple times this month. The crowd is piling into the recovery, but liquidity sits clearly below the recent lows. If this level holds as resistance, the structure favors a sweep of 1.24 and lower.
The entry range offers a clean 2:1 risk-to-reward on the first target alone, making this a high-probability short if you are patient for the rejection. Are you selling into this strength or waiting for a cleaner break of structure?
Not financial advice. Always manage your risk.
#CAKE #ShortSetup #Resistance #Bearish #DeFi
🔥