BAKE Market Analysis 🚩
Yesterday, the BAKE daily chart showed a rebound trend, rising from a low of 0.395 to a high of 0.43, eventually closing around 0.42. From a technical perspective, the MA7 moving average serves as the current support level below. If the price retraces to this area, it may be worth considering buying on dips. At the same time, the MACD indicator shows a reduction in bullish strength.
On the four-hour chart, MA60 is the short-term support, and the MACD bearish strength is also showing a reduction. In terms of operation, it is recommended to look for entry opportunities around 0.38 to buy on the rebound, with target levels set between 0.415 and 0.44.
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