SHORT $CAKE USDT from $2.022 stop loss $2.126
1h TF. The asset has formed a "triangle" formation. At the moment, we have approached the resistance area, on which a block order was formed and there was a repeated reaction, the buyer's strength was not enough to consolidate at this level. What speaks of the significance of this level, the descending structure is also preserved - there was no update of the maximum. I expect a rollback downwards, with the potential to break through the support level, as well as a complete collection of liquidity throughout the movement.
Take profit:
1 - 1.976 Order block
2 - 1.889 Imbalance / local minimum
3 - 1.704 Order block / support level
Observe risk management, the market situation is not stable
Open a deal 👇$CAKE
