CAKE / TetherUS
Long
Updated

Do you want some cake?

At the request of a subscriber.

Breaking through the downtrend on high volumes, it is advisable to bury the day above the current values, the price has not yet corrected the fall, so there is an increased probability of going down to 0.5 fibonacci. The option of working out this scenario is higher if there is a retest after the beating, after the retest, you can apply the fibonacci extension and start from these levels.

Option to cancel the scenario closing the day below the downtrend.

It is better to enter after fixing above the downtrend

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Note
First take MA200, second 0.5 fibonacci, third according to the situation
Trade closed: target reached

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