BAKEUSDT trade ideas
Bake trading ideaBake is currently retesting towards 1.730-1.675. If not then 1.511 max.
Good buying zone (Spot)
1.918
1.853
1.818
1.730
1.675
Best 1.511
DCA from that zone (Important)
Potential Short-term gain
Tp 1: 1.953
Tp 2: 2.030
Tp 3: 2.101
Tp 4: 2.167 - 2.199
Tp 5: 2.615
Tp 6: 2.8
Tp 7: 3.189 -3.329
I will update if we manage to break above 3-3.333
Bake trading ideaBake is currently retesting towards 1.730-1.675. If not then 1.511 max.
Good buying zone (Spot)
1.918
1.853
1.818
1.730
1.675
Best 1.511
DCA from that zone (Important)
Potential Short-term gain
Tp 1: 1.953
Tp 2: 2.030
Tp 3: 2.101
Tp 4: 2.167 - 2.199
Tp 5: 2.615
Tp 6: 2.8
Tp 7: 3.189 -3.329
I will update if we manage to break above 3-3.333
🆓BakeryToken (BAKE) Oct-1 #BAKE $BAKEBAKE is having a good opportunity to start a new rally up to 2$, 2.3$, 2.9$ and 3.4$ zones in this October. But if it loses 1.7$ zone, it will come back 1.4$ zone again
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.7$ zone
🔴Buy : 1.7$
🔴Sell : 2$ - 2.3$ - 2.9$ - 3.4$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.7$ zone
🔵Sell : 1.7$
🔵Buy : 1.4$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
BAKE at resistance - shortIt looks like there is no going up for BAKE - currently at resistance with bearish divergence on the rsi on all timeframes.
As always btc is the lead dog, so before placing trades it would be good to confirm btc price movement as it seems to consolidate around resistance level.
Due to the above bake is a nice candidate for a short entry, but fakeouts are in play.