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Yousif_Mhmd
Jun 4, 2021 8:07 AM

Cake Fibo long position  Long

Description

Cake had a strong sell off and closed below the 1h SMA 100 still the SMA 200 ahead, I think it will retrace and reach 22$ in the next few days. it could get down to 17.50$. but 22$ is more likely I will wait for it to close above the 0.618 and then I will buy. especially if it retraced off the 0.786-0.705 Fibonacci level like it is doing now I will wait for confirmation above 0.618.
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