Hello trader in this idea i wanna to talk about BAKE because already BAKE is very low and it's seems good , however let's talk about the chart :
in the daily chart you can see already price is down about 75% from ATH ; and it's very likely to see price rise from this level but why ?
you can in the chart price start to rise exactly from 0.786 fib level and also price is in the channel , but what we can expect from here .
if you want to opening long position you can put your stop loss below the 0.786 but in my opinion wait for daily closure below the 0.786 and also below the channel but be aware about traps.!
so what's about the price targets ?
this is my price target , personally sell 50% of my BAKE at the first take profit area , but if you want to be more conservative you can also take some profit at 0.618 and .0786 also .
in the daily chart you can see already price is down about 75% from ATH ; and it's very likely to see price rise from this level but why ?
if you want to opening long position you can put your stop loss below the 0.786 but in my opinion wait for daily closure below the 0.786 and also below the channel but be aware about traps.!
so what's about the price targets ?
this is my price target , personally sell 50% of my BAKE at the first take profit area , but if you want to be more conservative you can also take some profit at 0.618 and .0786 also .