BearbullsCapital

CAKE Trade Setup PancakeSwap

BINANCE:CAKEBNB   CAKE / Binance Coin
With recent listing on Binance, I am using the available data to draw possible Fibonacci levels and resistance/support lines. Its currently trading in downward channel and could bounce back easily.
$CAKE will hit the resistance and can breakout of the downtrending channel easily with one of the news. Since there are many great news being rolled out by PancakeSwap team. I will be careful at the next support range.
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