idk why but i think cake made a bullish flag pattern i think these scenarios can happen to cake !
Hi everyone, This is my description: Blue Lines: Resistance (Target for sell) Orange Lines: Support (Step for buy) Pink Rectangles: PRZ Thanks for your attention.
Cake is just under a major resistance at $29 trying to push through, however so far we have failed. The indicators appear to be bullish with a MACD cross on the positive side and RSI + Volume wanting to move higher. So bias is slightly bullish on this price action. However, so long this resistance holds us, we won't have a rally. As such, it is important to not...
Cake approaching support. It could be a good entry if you are not in. Use SL and never risk more than 2/3% of your total equity.