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BAKE / TetherUS

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BAKEUSDT trade ideas

One more drop for bake From top to bottom, we experienced over a 60% correction in just one week. However, the best entry opportunity is not available yet. The range of 0.256 to 0.278 presents a very good buying opportunity for the dip according to Vegas tunnel ema 576 and 676, and I recommend holding until it bounces back to the Fibonacci level of 0.618. I will provide an update on the exact location of 0.618 when I observe a confirmed double bottom. Not financial advice Do your own research before investing your money
Long
by Lueastman
18
✴️ Bakery | The Bottom Is In + 333% Target (Name Your Altcoin) Are you a baker? Many Altcoins hit bottom in September and October, this bottom being technically part of a correction rather than the end of a bearish impulse, what's the difference? We will leave the explanation for another article, let's focus on the signals at hand, BAKEUSDT. Our concern is with a bullish reversal, with a bullish wave, with Cryptocurrency growing, with a green Bake; do we agree? The signals are clear if you ask me. Volume is always the best indicator or the strongest confirmator but it needs context to work. Whenever a move is accompanied by volume, we know the move to be either "real" or strong. Back in November/December 2022 a bottom pattern showed up that led to a weak rally... The lack of volume predicted that the rally wouldn't last and it didn't, it ended in new lows. Now, in June/September 2023 we have a new bottom pattern but this time supported by really high volume, this tells us that the next rally will be strong and is likely to end in a higher low rather than new lows, meaning, long-term growth. ➖ Bullish divergence with the RSI and MACD as well. ➖ BAKEUSDT is trading above EMA50. You can find the targets on the chart... Thank you for reading. I am sending you kisses... Lol, just kidding! Namaste.
Long
by MasterAnanda
2
Mock Up Price Action for BAKE | Mid Term (12HR)Mock Up Price Action for BINANCE:BAKEUSDT | Mid Term (12HR) - Watching and waiting for opportunity to enter short Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
We are currently in an upward trend (BAKE)❤️❤️Thanks for boosting 🚀 and supporting us! 📈We are currently in an upward trend, and this trend needs a small correction to go again. 📊 (Buy) :0.260 🔴 Stop Loss : 0.2055 🎯 Take Profit : 0.324-0.416-0.459 🔗 For more communication with us, In the footnote and send a message in TradingView. 👨‍🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Long
by ahmadarz
2
BAKEUSDT.1DBased on the market data provided, the BAKE/USDT pair appears to be in a strong uptrend. This is indicated by the high Relative Strength Index (RSI) values across the 4-hour, 1-day, and 7-day periods, all of which are above 70. The Moving Average Convergence Divergence (MACD) values also support this bullish sentiment, as they are positive across all three timeframes, suggesting that the upward momentum is strong. The Bollinger Bands (BB) on the 4-hour, 1-day, and 7-day charts also indicate a bullish trend, with the current price of 0.4462 being above the middle band in all cases, suggesting the price is trending upwards. The support and resistance levels indicate potential levels at which the price might bounce back or face resistance. The nearest support level on the 4-hour chart is at 0.3176 USDT, while the nearest resistance is at 0.4650 USDT. On the 1-day and 7-day charts, the nearest support levels are at 0.3002 USDT and 0.1659 USDT respectively, and the nearest resistances are at 0.4867 USDT and 0.4820 USDT respectively. In conclusion, based on the technical indicators, BAKE/USDT appears to be in a strong bullish trend. However, it's important to note that these indicators do not guarantee future price movements, and they should be used in conjunction with other forms of analysis and risk management techniques. Always invest wisely and only risk what you can afford to lose.
by MarsSignals
5
"BAKE/USDT Long Trade Analysis: Falling Wedge Breakout Signals RTrade Setup for BAKE/USDT: Long Position Analysis: BAKE has broken out of a falling wedge pattern, indicating a potential reversal. The current market situation involves a retest after the breakout. Entry: Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $0.2228. Targets: $0.255 $0.277 $0.2944 $0.32 $0.38 Stop Loss (SL): Set the Stop Loss at $0.2138 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. Risk-Reward Ratio (R:R): Risk-Reward Ratio is 1:6 (Lucrative). Caution: Use leverage in accordance with your risk appetite and be conservative to mitigate significant losses. Perform your own research (DYOR) before making any trading decisions. This information is not financial advice.
Long
by CRYPTOMOJO_TA