Like all other alt coins, CAKE seems to be on the breakout and it has formed the inverse head & shoulders pattern. Just a simple neckline shows us it will be retracing back to $33 zone where it held strong before the "manipulation" happened. It has also broken above the EMA ribbon which is another bullish sign.
(based on 4 hour chart)
You may put in a long position here if you like.
Disclaimer: THIS IS NOT FINANCIAL ADVISE :)
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