#CAKE INCREASES 13.65% AFTER TOUCHING THIS SUPPORT LEVEL: WHAT'S NEXT?
If you're looking for an in-depth analysis of CAKE, then, you're in the right place.
Here's why.
CAKE has now bounced from the support level of 1.2-1.5 where many demands happened. This is also the key levels that many have anticipated a total breakdown which is likely to happen. Since this is also considered to be close to its monthly and yearly lows, there will be more demands to surface. As the demands will be present from these key levels and below these key levels. We can measure the demand level to be at a high and extreme level. Both will be present on these level but most of the extreme level of demands will be below this support zone. Hence, we're awaiting for the key levels where many buyers will enter as well.
Stay wise, trade cautiously.
