Failed -Bake short - Chart 30M - 03/07/2021Entry: 1.7545
SL: 1.7713
TP: 1.7203
Chart 30M
Date: 03/03/2021
BAKEUSDT trade ideas
BAKE - USDT STRONG BUY ZONEBAKE - USDT STRONG BUY ZONE
BAKE - USDT STRONG BUY ZONE
BAKE - USDT STRONG BUY ZONE
BAKE dump?Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
BAKEUSDT: Patience is keySo far I haven’t seen any reason to sell if your holding. The 6.3 support generally seems like a good support for price action to bounce off of but for ME there’s one small problem. This might not be a problem with other traders but it is for me. Although price action is hanging around the horizontal line of support, it has managed to close below it. Although that didn’t trigger any sell offs which indicates that my support is still valid, I want a clean support. One without any rough edges. So I’m gonna use the 50 SMA below as my new area of support. If you wanna trade this I’ll advice to place your stop loss below the 50 SMA and wait till the price action gets close enough to the SMA that if you get stopped out the loss will be little and for those hodling or trading spot, I’ll give you the same advice you may have heard elsewhere... BUY THE DIP
bakeUsdt #90 coin market cap rankthis is not pro idea pls first check others IDEA :::|))))
in correction time and come donw too protection on :6.3989
sec protection is have chanse come on this and buy time is : 5.8971
resisdance is :
6.9600
and targets is :
7.8292
9.1081
11.0376
GOAL IS :
14.0676
GL
I BAKE bread and cakeBitcoin movements like the stove. The bigger fire the better baking process.
You know what's cooking? BOOM!
BAKE Attempting to Break DowntrendlineBAKE trying to break downtrendline with pending volume. Successful breakout with volume would see immediate support level of $5.90 with major resistance at $7 mark
BAKEUSDTAs you can see price action just broke out of the descending triangle to the upside. Next major resistance level seems to be the 7.2 as I strongly believe it will break the resistance level before that. My advice... have some bakeswap in the bag.
