đš $BAKE /USDT TRADING ALERT on the 15-Minute Chart đš
Current Price: 0.2100
Overview: The BAKE/USDT chart has seen recent downward momentum after reaching a high of 0.2200, with the price pulling back to a low of 0.2085. This indicates a short-term bearish trend within the 15-minute time frame, showing potential for either a rebound or further decline. The 0.2085 level has acted as a critical support, while 0.2200 represents a major resistance level to watch for potential upside moves.
đĄ Key Levels to Watch:
Resistance: 0.2164 â A breakout above this level could lead to increased buying interest and push prices higher.
Support: 0.2085 â Holding above this support is essential for stability; a drop below could signal further downside movement.
đ Entry Price for Short Trade: 0.2100
đ Take-Profit Targets:
1. TP1: 0.2079
2. TP2: 0.2055
3. TP3: 0.2030
Stop Loss: Set at 0.2164 to avoid potential losses if the market turns bullish.
â ïž Cautionary Note: Traders should monitor the 0.2085 support level closely. A strong bounce from here may indicate short-term bullishness. However, a breakdown below could open the path for a deeper pullback. Watch for volume increases as it approaches key levels for signs of a potential breakout or reversal.
