📊 Binance Trading Signal Alert for $CAKE /USDT

Current Price: $2.32

24H Range: $2.24 - $2.82

24H Change: -15.95%

🔍 Market Overview

The $CAKE /USDT pair is experiencing a significant downtrend, falling nearly 16% over the past 24 hours. The price has tested its 24-hour low of $2.239 and is now trading slightly higher at $2.329. RSI indicates oversold conditions at 29.74, suggesting potential for a short-term bounce, though caution is advised.

📈 Key Levels

Support: $2.24, $2.19

Resistance: $2.50, $2.82

🎯 Trade Setup

Entry Zone: $2.30 - $2.35

Take Profit Targets:

TP1: $2.50

TP2: $2.65

TP3: $2.80

Stop Loss: $2.20

⚠️ Caution: Monitor price action closely for stability before entering trades. Watch for a breakout above $2.50 or a breakdown below $2.20 for further confirmation. Adjust strategy based on market sentiment.

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