🐰 We currently have a horizontal trend on the
#Cake side and it would be the most logical move to take action by waiting for a break in our Base structure formed after the upward rally movement. Now let's talk about the scenarios according to the breakdown.
🔼If we see a breakout in the upward direction first, the price will rise rapidly to the $3.76 level.
🔽No, if a downward break occurs, we may first see a retreat to the re-test zone to the $2.83 level, and then, if the price holds, we may see a retreat to the $2.65 price level, which is our order block level.
⚠️ It seems positive for the rise in Cake right now, but it would still be better to take action based on the breakdown.