🚨 $CAKE /USDT ALERT: Explosive Bullish Move – Key Levels to Watch! 🚨
$CAKE is currently trading at $4.171, up 30.67%, with a 24-hour high of $4.515 and a low of $2.950. The price action indicates strong bullish momentum, signaling potential for further gains.
Key Levels to Monitor:
1️⃣ Resistance at $4.515 – A breakout above this level could propel CAKE to new highs, targeting $4.800 and $5.200 in the short term.
2️⃣ Support at $3.796 – Holding this level is crucial to sustain the bullish trend. A drop below might trigger a retracement to $3.281.
3️⃣ Target at $5.200 – If the upward trajectory continues, this psychological level could act as a major resistance and a take-profit zone for bullish traders.
Trade Setup:
Long Entry: Consider entering above $4.200 with targets at $4.515, $4.800, and $5.200. Place a stop-loss at $3.800 to manage risk effectively.
Short Entry: If CAKE fails to hold $3.796, consider shorting with downside targets at $3.500, $3.281, and $3.000.
⚠️ Risk Note: CAKE is experiencing heightened volatility. Use tight stop-losses and proper risk management to navigate market movements safely.