BAKE UPDATE đ
For almost 67 hours, BAKE has been in the green and hasn't faced any red periods. Buyers are purchasing so much that the price has increased to 68., with 70 being the upper limit. After reaching this limit a few hours ago, it didn't fall very much as BTC remained stable, consolidating
between 64,000 and 64,500.
Here are `two scenarios`: one bullish and one bearish.
Bullish Scenario: If BAKE continues its growthâwhich I believe is unlikely since it is in an overbought zoneâbut if it does cross 0.42, I anticipate seeing significantly larger green candles, indicating a pump.
Bearish Scenario: In my opinion, this is the more likely outcome. If BAKE breaks below 0.38, I expect to see significantly larger red candles, indicating a dump.
Now, let's watch and wait to see what happens next. It's a matter of a few minutes...
Moreover, if we look into the last hour of money flow analysis, it clearly shows that sellers are now becoming active, with a gap of 1.09M between buyers and sellers. That's quite a significant gap.
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