After the downtrend being broken on Jan 24th, the upside move was able to penetrate the closest relevant level (4,08 USDT-4,32USDT) although it could not hold it.
Such short term weakness leaves a clear path down towards 3,13/3,30 USDT level.
3,46 USDT will be a key level to hold for bulls as it would open the possibility of having HHs and HLs.
5,5 USDT is still THE LEVEL to go 100% bullish on Cake.