$CAKE

CAKE/USDT current price analysis

CAKE is currently trading at $2.593, with a 24-hour high of $2.633 and a low of $2.468. The current price has fallen from the recent high of $4.515, and has gradually stabilized after forming a downward trend. The short-term moving average (7-day moving average) shows signs of stopping the decline, but it is still in a weak rebound stage overall.

Key point analysis

• Support level: $2.480, $2.300

• Resistance level: $2.650, $2.900

Short-term trading strategy

1. Long order strategy:

• If the price falls back to $2.480 and stabilizes, you can arrange long orders with a light position, with target prices of $2.650 and $2.900 respectively, and stop loss set at $2.450.

2. Short order strategy:

• If the price rebounds to $2.650 and is blocked, you can try short orders, with target prices of $2.480 and $2.300, and stop loss set at $2.680.

Investors are advised to control their positions, pay close attention to trading volume and market trend changes, and wait for prices to break through important ranges before adding positions.

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