$CAKE

Point Analysis and Long/Short Direction Forecast

Support and Resistance

• Support Level: $2.27 (Important Support), $2.10 (Secondary Support).

• Resistance Level: $2.52 (Short-term Resistance), $2.75 (Strong Resistance).

Long/Short Direction

After a continuous decline in CAKE, there has been a slight rebound near $2.39, approaching the MA99 moving average support on the daily chart. The MACD shows that bearish momentum has weakened, but the rebound strength is insufficient, and the resistance above remains significant.

In the short term, if the resistance level of $2.52 can be broken, it may further test $2.75; if it fails to break, it may continue to retest the support at $2.27.

Strategy Suggestions

• Bullish Strategy: Lightly go long near $2.27, with a stop loss below $2.20, targeting $2.52 and $2.75.

• Bearish Strategy: If it rebounds to $2.52 without breaking, consider lightly going short, with a stop loss above $2.55, targeting $2.39 and $2.27.

Conclusion: In the short term, operate within the range of $2.27 support and $2.52 resistance, closely monitor volume changes, and opt for light position trading.