$CAKE as I promised, this week I will focus on #defi coins. Cake is now 2.749. Short account postitions over 57%, open interests is low, volume is also low. It would drop a little bit, I do not recommend to short it, you should set up long position by using stop limit or mannually instead.
Long setup position
Entry: 2.67 - 2.70 or current price if you don't mind
Target 1: 2.90
Target 2: 3.10
Target 3: 3.30
Stop loss: 2.0 or manage by yourself
Low leverage is recommended
I believe it would rise up that exceed our target. Hold it 3-5 days.
CAKEUSDT
Perp
1.348
+2.83%