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$CAKE (1H) - Support Reclaim Setup
Bias: Long
Entry (Zone): 1.44 - 1.46
Targets:
TP1: 1.49
TP2: 1.52
TP3: 1.57
Stop Loss: 1.39
Why this Setup:
I see price holding above the recent recovery area after a controlled pullback, and I want to buy the retest if this level continues to act as support. The structure suggests fading downside momentum, and a clean hold here could extend the move toward the next resistance bands.