Market Overview:
#CAKEUSDT has been in a strong uptrend and recently formed a triangle pattern on the 1-hour timeframe. This pattern typically signals trend continuation, and we just witnessed a breakout!
Key Observations:
🔹 Triangle breakout confirmed – bullish signal!
🔹 Resistance Level: Watch for a clean break for further confirmation.
🔹 Potential Targets (TPs): Higher highs expected if momentum holds.
Strategy:
🔹 If price retests the breakout zone and holds, we could see a strong bullish continuation.
🔹 Invalidation: If price falls back into the pattern, we may see a fakeout scenario.
What’s your take? Will #LDOUSDT pump higher or is this a bull trap? Share your thoughts below!
Follow for more chart updates, trade ideas, and market insights!
#CAKEUSDT has been in a strong uptrend and recently formed a triangle pattern on the 1-hour timeframe. This pattern typically signals trend continuation, and we just witnessed a breakout!
Key Observations:
🔹 Triangle breakout confirmed – bullish signal!
🔹 Resistance Level: Watch for a clean break for further confirmation.
🔹 Potential Targets (TPs): Higher highs expected if momentum holds.
Strategy:
🔹 If price retests the breakout zone and holds, we could see a strong bullish continuation.
🔹 Invalidation: If price falls back into the pattern, we may see a fakeout scenario.
What’s your take? Will #LDOUSDT pump higher or is this a bull trap? Share your thoughts below!
Follow for more chart updates, trade ideas, and market insights!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.