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BAKE / TetherUS

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BAKEUSDT trade ideas

Bakery Enters Bullish Zone (3,000% Potential Considered)Some Altcoins trading pairs are definitely stronger than others, and this can be seen only through a chart. See the dynamics we have here and try and notice the huge difference compared to other Altcoins. Bakery has been moving within the bullish zone since December 2023. The lowest level after the Dec. peak happened in April 2024 and the rest of the action until present day has been sideways consolidation, but this is happening above long-term support. The chart depicts a bearish zone and a bullish zone with a neutral space in-between. Notice the two long lower wicks in 2024, in April and July, both quickly reversed from the neutral zone (orange). This is a strong support and can be used for buying. As long as BAKEUSDT trades in the green we are green. If BAKEUSDT moves lower and enters the bearish zone, which is a low probability scenario, this would only be temporary because we are going bullish in late 2024 and ultra-bullish in 2025. What I would like to express is the fact that we are ready to grow and we are looking up and we are ready for the bull-market that has been in the making for so long. Technically speaking, BAKEUSDT is already in bullish territory because there are no new lows since June 2023, that's the end and bottom of the bear-market. The bullish wave in late 2023 was the recovery wave or initial bullish breakout and we will have massive growth in 2025. We have some nice targets on the chart. Without even considering a new All-Time High, growth potential can reach 3,000% (31X) if BAKEUSDT hits $8. You can find other lower targets as well on the chart. Are you ready to hold? Are you ready to buy? Are you ready to wait? Once we buy and hold, the market will take care of the rest. Patience is key. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
2
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