$CAKE
/USDT: Whisking Up a Recovery ā Key Levels to Watch šÆ
Current Price: 3.015 (down -6.31% in 24 hours, rebounding +1.52% in the last 15 minutes).
Key Levels:
Support: 2.957 (24h Low) ā Holding this level is crucial for bullish continuation.
Resistance: 3.222 (24h High) ā Breakout above this could spark a rally.
Trade Strategy:
Buy: Consider entering near 3.000 if the price holds or wait for a breakout above 3.050 for confirmation.
Stop-Loss: Set a stop below 2.940 to manage downside risk.
Target Keys šÆ:
1. T1: 3.080 ā Immediate resistance; secure partial profits.
2. T2: 3.150 ā Mid-level resistance if momentum continues.
3. T3: 3.220 ā Near the 24h high; signals strength if breached.
Risk Management: A drop below 2.940 could indicate further downside. Watch for increased volume to confirm bullish moves.
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