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MBM_Crypto
May 1, 2021 5:05 PM

CAKE looking for continuation  Long

CAKE / TetherUSBinance

Description

Here's a quick look at CAKE 30 min chart. As we can see, the price is right now printing a bull pennant which is a continuation sign. CAKE had a great run and could easily go higher from here! Keep an eye on CAKE!

The idea is: Buy the breakout from the falling channel and Take profits at the levels shown in the chart.
Targets:
1. 42.5$
2. 44$
3. 47$
4. 52$

Follow me for daily profitable trading setups

BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Comments
Rajmar1988
Cake needs to rebounce on 28$-30$ zone for healthy growth. (Lows on previous heights)
MinimumWagerLvl1
It broke down the triangle. So what's the plan for this scenario? :)
DissiDX
@abdullah77simsek Sell
MinimumWagerLvl1
@DissiDX, No thanks I am long term holder. I wanna buy more from the next dip
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