💎 BAKEUSDT has been moving along the descending channel. It has got rejection from the support line. If it breaks above the symmetrical triangle we can expect a retest and then a Bullish move
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 2.000
☕️ TP1 2.370
🍺 TP2 2.666
🍻 TP3 3.200
🍾 TP4 _____
Welcome to this quick bake/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- BAKE/USDT Broke out of the triangle and retesting. Expecting 7% to 10% soon.
Traget:- 7% to 10%
Remember:-This is not a piece of financial advice. All investment made by me is under my own...
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Bakery Swap looks bottomed here, a last leg-down to demand zone would let us enter, then a bounce toward upper-line of the wedge.
Current Price= 0.0000524
Buy Entry= 00.0000505 - 0.0000475
Take Profit= 0.0000610 | 0.0000691 | 0.0000832
Stop Loss= 0.0000394
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56
Expected Profit= +24.49% | +41.02% | +69.80%
- BAKEBUSD was resisted by the descending trendline resistance (DTR).
- Price brokeout above the descending trendline resistance and retraced.
- Price is retesting the descending trendline resistance and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- Price action is printing the...