CAKE had a fantastic bounce off of the $2.14 support area and ripped to $2.92! We're close to the next resistance area of $3.135, what does that mean for our trade opportunities?
How do we trade this? 🤔
We're too close to major resistance to long on this timeframe (or any timeframe for that matter), we need to wait for either a break of that resistance level,...
Cake is testing the uptrend line multiple times and i am pretty confident the line will be broken soon... Currently, CAKE is not listed on futures so if you have CAKE, It is better to take profit and buy back lower
If we look at the chart, we see that a long-term downtrend line is pushing the price down . But in the meantime, we see a support.The trend line and the support form a descending triangle Trading volume also confirms that it will be a downtrend.If this happens and the price goes down, the most important support will be in the range of 11.09 , But if buyers perform...
