$BAKE token price action is presently confined within a defined support and resistance zone, warranting caution.

"Key Highlights"

1. Consolidation Phase: BAKE price oscillates between support and resistance.

2. No-Trade Zone: Avoid entries until clear breakout or support/test.

3. Support Area: $0.219-$0.227.

4. Resistance Area: $0.258-$0.270.

"Technical Outlook"

1. Breakout Above: $0.270 for bullish momentum.

2. Support Re-Test: $0.219 for potential bounce.

3. RSI Neutral: 48, indicating indecisive market sentiment.

"Trading Strategy"

1. Wait for Breakout: Above $0.270 or below $0.219.

2. Long Position: Enter above $0.270.

3. Short Position: Enter below $0.219.

4. Stop-Loss: Below $0.219 (long) or above $0.270 (short).

"Expert Insights"

BAKE token's range-bound price action necessitates patience. Awaiting a clear breakout or support/test will provide a higher probability of success.

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