BAKEUSDT trade ideas
BAKE/USDT 1 HOURS TRADE SETUPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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LONG BAKE/USDT
ENTRY- CMP and add more up to $0.514
SL of $0.50
Target:- 10-12%
Lev:- 10x
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cakeusd cakeusdt potential 260 %As you can see on the chart, we may be entering a long bullish phase on the cake.
A swing trade is possible here, wait for a retracement and enter with a stop loss.
The cake has consolidated in its box and made some fake outs, it is time for it to come out or return to the bottom of its accumulation range.
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BAKE will rise 240 % gains We expect BTC.D to create new lows which would be bullish for altcoins .
Bake will move higher , however breaking below the critical support is possible if BTC drops lower.
We expect BTC to reach the bottom soon and resume the uptrend therefore we expect BAKE to fake out below the support (if it does) and move higher from there.
Targets like in the chart
No financial advice
BAKEUSDT - A Bright Future AheadWow! Could BAKEUSDT be ready for a bright future ahead?
If we analyze this chart from a liquidity perspective, existing buyers should now be stopped out of the market, creating liquidity for the banks to swoop in and buy up.
I am new to crypto analysis but a chart like this on forex would definitely spark some interest for me.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
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Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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Bake Analysisv - Head and shoulder bottomIt could potentially be a head and shoulders bottom, let me know your thoughts fellas, However as we broke a new support I made also a scenario where things go downside.
Am I tripping or makes sense that we'll potentially see a price between 2.0 and 3.0 (Selling point) in the next few weeks, with support at 1.50?