$BAKE really is that all you can do😅. $BTC hit 105k already and $BAKE still in 0.2ish level. Just in case correction happen what will be the price of Bake 0.01 🤔😅
Overview: BAKE/USDT has shown a modest increase of 0.17% in the last 24 hours. Although the price movement is minimal, this creates an opportunity for a carefully planned entry with potential for modest upward movement.
Trading Strategy:
Trend Observation: The market is showing a slight bullish trend, with support forming around $0.2387. A good entry point would be near this level, confirming the continuation of the upward momentum.
Entry Point: Enter between $0.2385 and $0.2390 to capitalize on the ongoing bullish trend.
Target Levels:
1. Target 1: $0.2430
2. Target 2: $0.2450
3. Target 3: $0.2475
Stop Limit: Set a stop limit at $0.2360 to protect your position if the market moves against you.
Risk Management:
Position Size: Limit your risk to 1-2% of your total trading capital on each trade. Adjust the position size based on your risk tolerance.
Exit Strategy: If the stop limit is hit, exit the trade promptly to minimize losses.
Pro Tip: Monitor the 15-minute and 1-hour charts for signs of continued upward momentum. If the price approaches your target levels, consider adjusting your stop limit to lock in profits and reduce your risk.