$CAKE ALERT: Testing Key Support – A Reversal or Continuation?

$CAKE is trading at $4.035, down 2.42% in the past 24 hours. The price recently tested a low of $3.945, and now traders are closely watching for signs of a potential recovery or further decline.

Key Levels to Watch

Resistance: $4.196 – A breakout above this level could trigger a bullish recovery.

Support: $3.945 – A breakdown below this level might lead to increased bearish pressure.

Trade Opportunities

📈 Long Signal:

Entry: Above $4.050

Take Profits: $4.100, $4.200, $4.300

Stop Loss: $3.940

📉 Short Signal:

Entry: Below $3.940

Take Profits: $3.900, $3.850, $3.800

Stop Loss: $4.050

⚠️ Note: Monitor price action and volume closely at these levels. Proper risk management is essential in this volatile market.

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