$CAKE Hits Our DCA ENTRY and Made a Remarkable Bounce!
Looking at our CAKE, we have noticed that the Demand Zone highlighted became more established after CAKE retouched the DCA area we've marked. This is where most buyers have already set their buy orders in advance. As you may have noticed. There are more buyers at the 'start' of an impulsive wave rather than in the middle. Hence, the likelihood of almost everyone eyeing another high for this altcoin is highly probable. Just checking how there has been a retest of its resistance already happened. We will continue to look for potential optimal positions for its next rally.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
