FieryTrading

🔥 CAKE Potential Long Term Investment

BINANCE:CAKEUSDT   CAKE / TetherUS
CAKE has been on my radar for quite some time now. It has a lot of great things going on with their staking, lotteries and prediction game.

With Bitcoin falling, CAKE is becoming a better long term investment by the day. Assuming that pancakeswap will become bigger with time, CAKE will naturally follow.

I'm eyeing the red support area for a potential buy into a long term hold. Assuming my theory that the current bear market is a mid-cycle correction is correct, I'm expecting CAKE to perform much better in the future. That would mean that a sub $10 would be a great buy, right?

Happy trading!
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Comments

Best post!Thanks a lot
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Great charting style, thank you!
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good support level to watch out for prices to develop :) thx
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Hi my friend! very accurate. thanks for sharing!! 🦐
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Did you consider coming fundamental data this week?
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Nice update, and thank you
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Wonderful analysis here
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Nice setup, thanks for sharing!
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Good Trade
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nice work ..this is strong support but my fear it can hit new low because chart still new
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