UltimateCryptoTrader

CAKEUSDT Analysis: We are looking for new fair price.

Long
BINANCE:CAKEUSDT   CAKE / TetherUS
On the currency pair CAKE / USDT we see how the price leaves the current fair value around level POC 15.8

The price jumps nicely up the trend line.

In addition, the fundamentals are also positive.

The only thing that could bring the price down now is the unexpected strong fall of Bitcoin.

Management and commenting on the trade will be shared with our students again.

Happy trading wishes Team UCT.
Comment:
First target done :)

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