BAKEUSDT.P trade ideas
BAKEUSDT - Bearish TradeBAKEUSDT in Bullish Trend with Rising Wedge reversal pattern indicating Bearish Trend.
BAKE/USDT it required to bounce for back to upward movement!💎 Paradisers, the recent market activity surrounding #BAKE has indeed captured attention. Currently positioned within the bullish OB area, there's potential for BAKE to find support and initiate an upward trajectory.
💎 Should this materialize, BAKE may test resistance levels, with a breakout signaling bullish sentiment and potentially leading to further upward movement toward our target strong resistance area.
💎However, should BAKE falter in its attempt to breach resistance and face rejection, it could indicate weakening momentum, prompting a retreat back towards the Bullish OB area.
💎 Should BAKE's attempt to find support in the OB area fail, it may trigger further downward movement, extending the current bearish trend.
MyCryptoParadise
iFeel the success🌴
#BAKE/USDT#BAKE
The price was pushed strongly to achieve 1-fold and is currently being corrected
For the rising trend level around the 0.3000 area
It is expected to rise again
First target 0.4217
Second target 0.5657
good spot to shorthello traders
it could be be good setup. maybe a little late but i think the price will go down.
the indicator shows the falling down is not started yet.
so it's just an idea.
[23-03-2024] $BAKE READY FOR NEW RALLY$BAKE already breakout and retested ma 50, looks good for accumulate right now. Expecting pumping next week! Cheers.
BAKE / USDT Major trend change.The same way the price rejected the 21 MA during the bear market.
Is the same way the price will bounce and create higher highs now.
Anything under 0.50c is cheep in my opinion.
My bags are packed (Wish i had more).
Are yours?
BAKE/USDT in weekly timeThe trend line and the last ceiling are broken. The BAKE/USDT chart has made a higher low, but the BAKE/BTC chart has made a lower low, and that means whales have entered the BAKE currency. We put the first entry point on the market price and the second and third entry points on the pullback of 50% and 66% of the last log, respectively. The stop loss is below the last low and for the target size of the first leg, we go up in the second leg as well .
green lien : tp
red line : stop loss
blue lines : entry prices
If the analysis needs to be updated, I will let you know.
BAKE long Idea Im thinking in this for BAKE, this token can grow up to 250% in the next weeks. After the last manipulation we can be a little more confident on the uptrend reassumed here.
BAKEUSDTBAKE is on the rise, but don't forget to set a stop-loss because it has already surged enough. However, we can still gain 8 to 15%. Take profit levels are indicated by lines. Once your trade is in profit, don't forget to adjust your stop-loss according to your profit ratio. Best of luck.
Consolidation Phase with Neutral BiasOur technical analysis of the BAKE 4-hour chart indicates a period of consolidation. The price has recently closed at 0.4550, with a trading range defined by a low of 0.4493 and a high of 0.4578. The moderate trading volume of 1.402M does not point to any significant breakout in the immediate term.
From a technical perspective, BAKE is trading within its Bollinger Bands, indicating no extreme volatility. The Relative Strength Index (RSI) is neutral at 55.94, suggesting that neither bulls nor bears are in full control. The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, with the MACD line just under the signal line, indicating potential short-term weakness.
The chart identifies key support and resistance levels to watch. The current price action is above the solid support level, suggesting that this may hold if a downward move occurs. Conversely, there is a defined resistance level that may cap upward movements. Traders should monitor these levels for potential breakouts or bounces.
Bake ChannelFor those who want to trade slowly and steadily, I suggest following this trend and buying in support of this channel and just following the resistance of the trend as well when you want to sell.
Bake is in simple dowBake is making HH and Hls in bullish trend, consider entry at 0.4764 and tp at 0.7814 managing stop loss at 0.2733.
Bakeusdt ShortTook a short here with super tight stoploss.(too risky)
Risk Reward is pretty good from here.
Entry 0.4209.
Flat stoploss at 4240(don't want to hold if it goes up cause Alts is still looking Bullish)
But if it rejects here which looks like it is rejecting currently we can see a nice down move.
Targeting 0.37 0.33 0.31
Note: Not a Financial Advice.
Bake 1 Bagger move incomingBake is showing signs of a cup and handle pattern, manage your risk, 4th Strike is incoming! :D
Bake Scalp 2/24/24We can see a W structure forming on an hourly timeframe, this can be a sign of a short-term bullish run if followed by an above-average volume on an hourly time frame.
BAKE Your Opportunity to Build Wealth: Unlock Crypto's Hidden## Bake Coin (BAKE): Fundamentals, Recent News, and Disclaimer
**Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions.
**Fundamentals:**
* **Native token of BakerySwap, a decentralized finance (DeFi) platform built on Binance Smart Chain.**
* **Used for:**
* **Staking to earn rewards:** Users can stake BAKE to earn BAKE and other tokens.
* **Voting on governance proposals:** BAKE holders can vote on proposals that affect the future of BakerySwap.
* **Paying fees:** BAKE can be used to pay for fees on BakerySwap, such as trading fees and swap fees.
* **Total supply:** 1 billion BAKE
* **Circulating supply:** 290 million BAKE
* **Current price:** $0.42 USD (as of February 17, 2024)
* **Market cap:** $121 million USD
**Recent News:**
* **February 15, 2024:** BakerySwap launched a new product called "Smart Bundles," which allows users to invest in a combination of multiple assets with a single click.
* **February 9, 2024:** BakerySwap announced a partnership with Chainlink, a decentralized oracle network. This partnership will allow BakerySwap to access secure and reliable data feeds.
* **January 26, 2024:** BakerySwap launched a new feature called "Auto CAKE," which allows users to automatically compound their CAKE rewards.
**Overall:**
* BAKE is a utility token that plays a central role in the BakerySwap ecosystem.
* The recent news suggests that BakerySwap is actively developing new products and features.
* However, the price of BAKE is still down significantly from its all-time high of $4.60 USD in May 2021.
Parabolic run BAKE50% of the monthly bullish breaker, expecting a parabolic run to the algotarget 1.45$
NFA
Buy BAKEUSDTAfter breaking a major support zone and experiencing a false breakout of support, buyers launched another attack, and buying momentum picked up after breaking the descending parallel channel. This resulted in higher highs and higher lows, indicating a bullish trend. Targets at 0.4350 and 0.5071 now seems achievable, as long as the 0.2710 level doesn't break.
DAY TRADE 025BYBIT:BAKEUSDT.P
Today I've got bake on the hook as it tests that half line on the RSI and also had an extreme amount of volume yesterday so today, I'm predicting a huge push from here, the chart itself also look genuinely awesome! another 1:5!!
Thanks guys.
LIMIT - 0.3547
STOP LOSS - 0.3318
TAKE PROFIT - 0.4754
BAKEUSDT is BullishBAKE has given a breakout on hourly time frame, and formed a new higher high, and has also potentially printed a new higher low around 0.382 fib retracement level and is all set to break the previous higher high, which is also the entry point for this trade setup. The bullish rally is expected to continue further up. Targets are mentioned on the chart.
BAKEUSDT Technical AnalysisHello traders and crypto enthusiasts! 🍰 Today, let's turn our attention to BAKEUSDT (BakeryToken against USDT) and explore the enticing technical indicators that suggest a potential uptrend. Join us as we dissect the charts to identify key patterns and signals that could pave the way for a sweet journey upwards.
Technical Overview:
📈 BAKEUSDT is currently exhibiting positive signs, and the charts hint at the possibility of a bullish momentum. Let's explore the essential technical aspects and potential catalysts that may lead to an upward movement.
Crucial Levels to Watch:
🎯 Resistance Levels: Identify key resistance levels that, if breached, could open the door for sustained upward momentum. Breaking through these levels is vital for confirming a bullish trend.
🚀 Bullish Confirmation: Look for additional technical indicators or patterns that align with the bullish scenario. A convergence of signals can enhance confidence in the potential uptrend.
Risk Management:
🛡️ While the technicals suggest a positive outlook, it's essential to remain vigilant and implement effective risk management strategies. Set realistic profit targets, consider trailing stops, and stay informed about market developments.
Conclusion:
In the dynamic world of crypto trading, identifying potential upside opportunities is crucial. BAKEUSDT is currently displaying bullish signals, and traders may find opportunities in the upcoming upward movement. Keep a close eye on the charts for confirmation of the positive trend.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research and consult with a financial advisor before making investment decisions.
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