why should I SHORT $BAKE ?
Today, $BAKE broke the 4th HIGH since April 2024 and created the 5th one at 0.39 with a daily volatility of more than 23% down up.
It is not new seeing BAKE doing this as this has been its pattern since the beginning of its recovering from that catastrophic fall in March.
tommorrow, I will ot be surprised if BAKE fall again towards 0.33, a correction very likely and which corresponds to the 200EMA base on the daily chart.
If BAKE actually meet my expectation towards the weekend by rejecting the 0.4 level and push down towards 0.33, I will be well informed of its next journey with an anticipated come back energy that could push the price of BAKE to 50cents.
