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$CAKE /USDT
Current price is hovering around $2.5287, showing light bullish activity after the earlier pullback. But despite the bounce, the chart is flashing mixed signals — and traders are watching closely.
On the 1H timeframe, bearish candles are starting to form, hinting at pressure building up again after the recent push to $2.5990 and the rejection that followed. Momentum is slowing, volatility is tightening… a bigger move is brewing.
Trade Setup
• Entry Zone: $2.4950 – $2.5350
• Target 1 🎯: $2.5650
• Target 2 🎯: $2.5900
• Target 3 🎯: $2.6200
• Stop Loss: $2.4720
If CAKE breaks below support with strong volume, a deeper correction could follow.
But if bulls defend the zone and reclaim $2.57+, a sharp upside rally can ignite — and that’s where things get explosive.
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