CAKE Market Analysis
K-Line Analysis:
Currently, the K-line trend has repeatedly shown large downward candles, indicating that the market may continue to decline. The main support level is near 2.27, and it is expected that a rebound may occur at this position after a decline.
MACD Analysis:
The fast and slow lines are about to cross below the 0 axis, and we still need to wait for two crossings below the 0 axis in the short term. Such a signal may indicate a potential surge in the market.
RSI Analysis:
The fast line of the Relative Strength Index is below the slow line and has not yet fallen below the 20 level, indicating that it has not entered the oversold zone, and further market movement is still needed.
Summary:
It is recommended to patiently wait until the market approaches the support level before entering. The ideal entry price should be around 2.2.
