$CAKE D1 Bullish Idea Update.

Presenting my Fib channel, where the recent pump got a rejection at exactly the 161.80% extended level and retested the first trendline support.

Price successfully bounced off the retest and broken the recently created trendline resistance and is now testing for a VAH breakout to sustain a trade above $3 zone.

In the event of the above-mentioned breakout, expect for price to create a new local high and possibly target the 261.80% extended Fib level.