$CAKE /USDT – Eyeing a Clean Breakout from Key Compression Zone🔐🔑👇
Current Price: $1.853🦋
Timeframe: 1H & 1D⌛
Market Bias: Bullish Breakout Anticipation
Technical Indicators: Supply Zone, BOS, EMA, Stochastic RSI
1H Chart Analysis:📊
$CAKE has broken structure to the upside (BOS) and is now retesting the breakout near $1.85. The candle wicked into the 1H supply zone ($1.85–$1.86) but managed to close above the 1H 50 EMA.
The price is consolidating under a compression resistance ($1.866), and stochastic RSI is signaling bullish continuation with both lines trending toward the overbought zone.
Key Support: $1.831🔑
Immediate Resistance: $1.866
Breakout Zone Above: $1.90–$1.96
1D Chart Overview:📊
Daily candle structure shows potential bottom formation. The last few candles formed higher lows near $1.80, indicating accumulation.
Stochastic RSI on 1D is at extreme oversold and attempting to curl upwards – supporting a bullish breakout narrative.
Price is also pressing near the 20 EMA from below, a break above this zone may invite short-term trend reversal strength.
Trade Setup: Bullish Breakout Play✅
Entry: On 1H close above $1.866 with volume spike confirmation✅
(Above mean then
$CAKE price went up to 1.866, for yours understanding 👍)
Target 1: $1.92🎯
Target 2: $1.96🎯
Stop-Loss: $1.825 (below EMA and recent low)☣️
Risk–Reward Ratio: 1:2+
Invalidation: Any strong close below $1.83 could signal a failed breakout and trap.
Pro Tip:🧑🏫
Let price break and retest the $1.866 resistance with strength and volume. Don’t chase wicks — wait for confirmation close.
👨❤️👨"Markets reward those who wait for confirmation, not those who gamble on guesswork."
Disclaimer:⚠️
Not financial advice. Always manage risk and conduct your own research before trading.
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