CAKE has approached a major resistance zone, and we are now observing its reaction closely. A weekly candle rejection at this level may lead us to anticipate a move towards the unfilled FVG (Fair Value Gap) zone. This area represents a potential target for a downward correction from the current resistance.
We should keep an eye on the price action, as the response to this resistance will be telling for CAKE's market direction in the near future.
Swallow Team
We should keep an eye on the price action, as the response to this resistance will be telling for CAKE's market direction in the near future.
Swallow Team
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