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BAKE / TetherUS

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BAKEUSDT trade ideas

BAKE ANALYSIS (1D)The past few days, when the whole market dropped, BAKE experienced a slight drop. How BAKE will be Boolean? According to BAKE, it has the ability to rise up to the specified supply range, but in this range, you can look for a sell/short position. tp can be the range of Demand. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
BAKEUSDT.1DThe chart you've shared for BAKE/USDT on the daily timeframe offers a comprehensive analysis of BAKE's price action, highlighting key resistance and support levels and incorporating the MACD and RSI indicators. Here's my detailed analysis: Current Situation Price Level: BAKE is currently trading at $0.3488. Recent Price Action: The chart reveals a volatile but somewhat stabilizing pattern after a steep decline earlier in the year. Support and Resistance Levels Resistance Levels (R1 and R2): R1: $0.4060 R2: $0.5318 Support Levels (S1 and S2): S1: $0.2872 S2: $0.1872 Technical Indicators MACD: The MACD is showing a slight bullish momentum as the signal line is below the MACD line, suggesting potential upward price movement. RSI: The Relative Strength Index is at 58.61, which indicates that the asset is neither overbought nor oversold, offering room for movement in either direction without immediate pressure from overvaluation or undervaluation. Analysis and Conclusion The current market structure for BAKE suggests that the price has been recovering from its previous lows and is now consolidating around a mid-level between its established support and resistance. This indicates a cautious optimism in the market, possibly waiting for further cues to define the direction. Trading Strategy Bullish Scenario: If BAKE sustains upward momentum and breaks through the resistance at $0.4060, it could potentially move towards the higher resistance at $0.5318, indicating a strong buying interest. Bearish Scenario: Should BAKE fail to hold the current level and breaks below $0.2872, it could see further decline towards $0.1872, reflecting increasing selling pressure or lack of buyer interest at higher levels. Final Thoughts As an investor or trader, it's essential to watch how BAKE interacts with these critical levels. A proactive approach would be to set stop losses just below $0.2872 for risk management, and consider taking profits near resistance levels if entering long positions. This analysis should be supplemented with ongoing assessment of market news and overall crypto market trends to adjust strategies accordingly.
by MarsSignals
BAKE Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: BAKE is at the resistance trendline of $0.33 and is attempting to break out. The 50 EMA provides strong support for BAKE, and if it continues to hold, we could see a bullish move soon. With 18 hours left for this 2-day candle to close, BAKE needs to close above the resistance trendline for a bullish reversal. On the downside, if BAKE gets rejected, the 50 EMA serves as the first line of support, followed by the lower support range between $0.1653 and $0.2226. Key levels: - Resistance: $0.333 - Primary Support: 50 EMA ($0.2995) - Lower Support: $0.1653 to $0.2226 - Target: $0.9062 DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
BAKE: Breakout will push price by 200%#BAKE/USDT #Analysis Description --------------------------------------------------------------- + BAKE has repeatedly retested a key support zone, demonstrating resilience as the price continues to hold strong at this level. The latest test of this support presents a potential opportunity for a bounce back. + Multiple Retests: The price has tested this support zone multiple times, each time holding firm, which reinforces the strength of this level. + Current Setup: The price has once again hit the support, and we anticipate a bounce back from this zone, offering a favorable setup for a long trade. + Trade Opportunity: Given the consistent strength of this support zone, entering a long position with a target based on the expected bounce could be a promising strategy. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.2918 Stop Loss: 0.1790 ------------------------------ Target 1: 0.3442 Target 2: 0.4085 Target 3: 0.5613 Target 4: 0.8131 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
BAKEUSDT Critical Levels to Watch for the Next Big Move! Yello, Paradisers! Are you prepared for the next big shift in #BAKEUSDT? This analysis is crucial if you want to stay ahead! 💎#BAKE appears poised to test its strong demand zone, potentially creating new momentum for a significant upward move. However, success hinges on several key factors: 💎If BAKE reverses from the strong demand zone, it must break through the resistance at 0.3138 to continue its upward trajectory. 💎Should BAKE fail to break the resistance, it might either trade sideways between the strong demand and resistance levels or consolidate further in the order block (OB) area. If the latter scenario holds, it could lead to a robust bullish reversal and eventual resistance breakout. 💎If BAKE fails to rebound at the OB area and remains sideways, it signals trouble. The bullish scenario is invalidated if BAKE breaks the key support and closes below 0.309 daily, increasing the probability of further downward movement. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
Alikze »» BAKE | Pullback to descending structure🔍 Technical analysis: Pullback to descending structure - It is moving in an ascending channel in the daily time frame. - So far, there have been several positive reactions to the bottom of the channel, which has led to the upward jump of the price. - It is currently facing an important supply range due to the positive reaction to the bottom of the channel. - Therefore, if it cannot stabilize above the supply area, according to the downward momentum, it can lead to the breaking of the bottom of the channel and correction to the range of 0.195. - So in case of this event, this reversal can be a pullback to the broken structure to continue the downward path. 💎 Alternative scenario: if it can influence and stabilize above the supply area, it can fill the FVG gap in the first step and after correction and support in the middle area of ​​the channel, it will reach the target of 0.488. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
BAKEUSDT: A Sweet Opportunity Amidst a Sour Dump? pen_spark BAKE has been baking up a storm of volatility lately, with a nearly 50% price drop over the past few weeks. New lows have been established, leaving many traders wondering if the bottom is in. However, a closer look at the 4-hour chart reveals a potential long opportunity brewing. Key Points: Range-Bound: BAKEUSDT has been consolidating within a well-defined range on the 4-hour timeframe. This indicates a potential equilibrium between buyers and sellers. Breakout Potential: A decisive break and close above the upper boundary of this range could signal a shift in momentum and trigger a move towards the next resistance zone. Retest Opportunity: The next resistance zone would likely act as a retest area for the breakout. If BAKEUSDT holds above this zone, it could pave the way for further upside continuation. Risk Management: As with any trade, proper risk management is crucial. Set stop-loss orders below the recent swing low to protect your capital in case the breakout fails. Trade Idea: Entry: Consider entering a long position on a confirmed break and close above the lower boundary of the current range. Stop Loss: Place a stop-loss order below the recent swing low. Take Profit: Target the next resistance zone for a potential retest. If the retest holds, consider raising your take-profit targets to higher levels. Let me know if you'd like a more detailed analysis or have any questions. #BAKEUSDT #BakeryToken #Crypto #TradingView #TechnicalAnalysis
Long
by SwingSamurai_QMA
1