BAKEUSDT trade ideas
BAKE in a buy zoneBAKEUSDT like many coins is currently forming a bottom.
You can accumulate in the range (for spot trading) and sell when it reaches target.
If you trade on futures, better wait for BAKE to retest lows which may not happen as many altcoins already formed their bottoms and Bake is just lagging behind.
We expect the rise in the next weeks.
BAKEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BAKEUSDT
Here you see R2 as the resistance area and the unsuccessful triumphs of the price to rise is obvious. R1 used to be a support line and S1 is our support line and contains the well support of the price since the past. Here we see the price fluctuating over R1 and we believe a decline will happen for it to this area and then we consider a long position for it and it will start its rising trend to R2. It is less probable for the price to have a decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BAKE great R:R with current weekly candlesame story like i posted with DODO recently, market looks healthly and after so many red weeks we should get at least one or two green one... BAKE is Binance coin and there is a chance CZ will pump it. TA is very good here. BTC must stay without any bigger drops...manage your risk
not a financial advice
BAKE has absurd volatility but possible trend change - Cryptoz18█ Operation Information
BAKE is an absurdly volatile asset so take your precautions. Currently its 4H trend is in play and there are a lot of bearish orders.
█ Operation data
• Entry price: 0.3015
• StopLoss: 0.3145 (Loss 4.31%)
• TakeProfit Minimum: 0.2881 (Win 4.44%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit.
In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance.
Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes.
This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile.
]█ Explanation of how the operations work:
Here you can find a brief explanation of how the operations work in case you are interested in following them.
█ Warning
✔️ Blockchain or FX operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trade ideas publicly for the viewer to do their own analysis and decide to enter based on her own decision making. The viewer is recommended to have good risk management in their operations. To do this, take into account the fundamental data of Asset Volume, Market Capitalization, Supply, Percentage Change Price, Current Volatility, Perpetual Data, and lastly, proper Margin and Leverage management. Be careful, you can lose all your money in the future if they have poor risk management. Nothing more to say thank you very much.
BAKE is about to explode 🔥Hello traders 🐺 .
in this idea ; I want to talk about the BAKE because when I opened up the chart , I realize a very interesting pattern , almost my favorite pattern to trade ( falling wedge ) so I decided to publish a new idea about the BAKE for you my friends so make sure to read this idea until to the end 🐺🙏 .
As you can see in the chart above , we can see a very clear falling wedge pattern which as you know , is the bullish pattern and the target of the falling wedge usually is top of the wedge but how we can trade it ?
in my opinion the best point to enter the long position or in the other word buy BAKE , is waiting for the break out from the wedge and close a weekly candle above the descending trend line of the wedge , because if you attention , you can realize that we had a fake out from the pattern in the weekly chart , so it means for us , that the best thing that we can do , is waiting for the weekly close above the wedge resistance trend line .
what is the price target of the falling wedge ?
As I mentioned in the beginning of the idea , the potential target of the falling wedge is the top of the wedge but remember that , for the changing the trend , price need to break above the previous high around the daily resistance box ( blue box ) , and if price success to hold above the blue box , we could expect a higher price targets for the BAKE
Thank you guys for reading my idea until to the end , don't forgot to share my idea among your friends and follow me for more support 🙏 .
#Bake / #USDT : Analysis ( 1D Chart )hello? Traders, welcome.
Notes related to this analysis :
- The downtrend has been broken and pullback has also been done
It seems to give a swing position !
-------------------------------------
If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day!.
BAKE/USDTBuy Around 0.33$ - 0.34$
Selling Targets:
1️⃣ Target: 0.412$ = 20% Profit
2️⃣ Target: 0.450$ = 32% Profit
3️⃣ Target: 0.500$ = 45% Profit
🔻4H Close below : 0.298$$ = 12% Lose
Signal Type: Short-Term⏱1/3, Weeks
2022/06/08
#Risk/Reward: 1/3
🏦Ex: Binance/Spot
🧩Capital 5% or 10%
📊#Technical_Analysis_by_Phoenix
Bake scalp short after bears got liquidatedReasons to take short
⭐️ BTC bearish trend
⭐️ Trendline is clear
⭐️ Volume at top
⭐️ Slowly squeezing down
⭐️ 3rd touch
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BAKE Long, shows signs of recovery. Many days of supportHello,
This is our second signal after we improved our trading system. BAKE is already up 70% + from the lowest point and is holding support and rising the last 12 days.
Possibility of continuation as just today we received our signal to enter, and after a long downtrend the price has broken the lip of the alligator and is going up.
Enter with caution on the hourly timeframe and set stop loss @ 0.267
Hold until doji candle appears or SAR ball appears or a combination of the two.
Take care
Altcoin update for June #P1; BAKEUSDTBitcoin has surpassed the $30k mark. It's about time to start considering about altcoins. Bake is what I'm looking at. At the time of writing, 1 bake is worth 0.36 dollars.
BakerySwap is a Binance Smart Chain based decentralized automated market-making (AMM) technology (BSC). On the platform, the BAKE token is a native BEP-20 governance token.
BakerySwap users can earn BAKE tokens by providing liquidity, while BAKE holders can use their tokens to vote on governance and get transaction fee dividends. The BAKE rewards are available in a variety of liquidity pools, including BTC, ETH, DOT, LINK, BUSD, and BAKE vs BNB at first.
BAKE/USDTBAKE / USDT
Hello friends
This chart says it all.
No need for analysis.
A long-term downtrend channel in which the foot of the support channel was lost.
The worst thing that can happen to a currency.
When the downtrend channel loses its support, it loses its value even more severely.
It is expected to fall by at least 13 cents.
#BAKEUSDT #BAKE #BTCUSD #LUNA #LUNCUSDT #LUNC
BAKE - The way strong trades should look like!Reasons to take long:
⭐️ BTC locally bullish
⭐️ Accumulation 11 days
⭐️ Level visible on multiple timeframes
⭐️ Level is 11d old
⭐️ We are in the end of formation
⭐️ 4th touch
⭐️ No significant pullback after the last touch
⭐️ Under VWAP
⭐️ 30 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones