$CAKE

/USDT Technical Analysis and Trade Signal💯🔥

Current Price: $2.56 (+0.59%)

24h High/Low: $2.582 / $2.481

Volume: 3.47M CAKE, 8.77M USDT

Key Technical Indicators

Support: $2.481 (24h low), $2.50 (psychological level)

Resistance: $2.582 (24h high), $2.667 (previous resistance level)

RSI (14): Around 53, indicating neutral with slight bullish momentum.

Trade Signal

Long Trade: Enter near $2.56 with a confirmation above $2.58 for breakout.

Stop-loss: Below $2.48 to minimize downside risk.

Target Levels (🎯)

1. Target 1: $2.60 – Key resistance level.

2. Target 2: $2.67 – Previous breakout level, next resistance zone.

3. Target 3: $2.75 – If momentum strengthens further.

Momentum: Mild bullish momentum, with potential for a breakout above $2.58. Watch for volume confirmation. A continuation above $2.60 signals further upward potential.

This outlook suggests a moderate short-term bullish sentiment for CAKE/USDT, with upward targets triggered by price above key resistance levels.

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