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traderriazofficial
Oct 16, 2021 6:20 AM

PancakeSwap 2 Possible Buying Scenarios Long

CAKE / TetherUSBinance

Description

Hello Friends!

Looking at the Daily graph, it looks like there are two possible buy entry scenarios for PankcakeSwap.

Scenario 1:
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It may reverse from around the same area where it is trading at the moment with a proper price action.

Scenario 2:
It may bounce back strongly from the tested support zone coming ahead.

In both cases, I am with buy and would not consider SELL. So I suggest if you have already bought it, then hodl. It shall regain upward momentum soon.

Good Luck!

Happy trading

Regards,
CrypFo Trader
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