Alex_Shamratov

CAKEUSDT (3)-(4)-(5)-IV-V

Alex_Shamratov Updated   
BINANCE:CAKEUSDT   CAKE / TetherUS
After the A-B-C correction, we see a five-wave bearish momentum. The current situation looks like the development of the 5th wave in the 3rd wave of the higher order. We are monitoring the situation and will look for entry points speculatively into longs with a minimum volume at 2.75-2.8, and then entry points into shorts 5.3-5.0. Risk/reward as always 3 to 1.
Trade closed: target reached

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