bake bouncebake has alot of support at the 0.11 cent range we could look for a possible bounce here it is likely unless some extra sell pressure comes about
BAKEUSDT trade ideas
BAKE LONGBAKE seems to begin a move to the upside after over 4 days of a bearish move. The price tapped the order block with the RSI at oversold. Hoping to hit TP1 before a possible change in Market movement
Unlocking Bake Potential: The Perfect Entry Point for Profit Let's embark on a thrilling journey through the intricacies of BAKEUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you
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BAKE has strong supportThe coin has formed a clear local level with a lot of confirming touches with the accumulation of stops of long participants behind them. A descending structure was also formed in the form of a triangle, pressing the price maximums along the trend line with the help of limit sellers.
Against this background, I expect to see a smooth traded movement along the level and the appearance of active sales before the breakdown.
BAKEUSDT 1DBuying a bag of #BAKE. Be ready for the massive breakout of the falling wedge. Check targets on chart.
Bake Is Ready To Bake. Here is My Study On ANKR.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
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Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
Buying $BAKE$Bake
-Belonging to the group #seed being pushed. Small cap vol is ok to buy in bulk. I bought this price hoping to make a profit 🌹🌹
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
BAKEUSDTBAKEUSDT just break the bearish trend.
Bullish divergence shown in Rsi which indicates trend is reverasal from here.
Break the last LH and made fist HH which further confirm that the trend is going into bullish here.
we wait and watch for the breakout of last HH.
BakeryToken (BAKE)On the above 4-day chart price action has corrected 97%. Now is an excellent long trade. Why?
1) Price action and RSI resistance breakouts.
2) Strong regular bullish divergence.
3) Past resistance confirmed as support.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: don’t know
BAKE going fractalobolicYou say FRACTAL I say BINANCE:BAKEUSDT !
Just look at this! 30m TF right before and 1h TF at newest formation, the same structure with the volume, almost the same FIB.
Adding to the fact that we're about to break the Long going trendline
AND the fact that it has just announced a partnership with BASE L2 blockchain
We might see the very parabolic move. Are we gonna see next 200%? It's a matter of days if we'll see it.
High Risk. High Volatility. Probable High and quick reward.
Bakeusdt quick updateBake is currently sitting at its 1hr support area and it also forming a trend line. If the support and trendline breaks then we can go for short entries.
Bake dump scenario #Bake , in 1hr time frame red trendline is broken which makes bake Bearish. By following blue arrow, price will go down to the red trendline then it will form a head n shoulder pattern. If that head n shoulder pattern break downs then price will go more down to the bottom red trendline.
All this analysis will become invalid if bake price goes above the black line.
short bake## Risk & Management
- 1% capital per trade.
- Move SL to breakeven at 1:1R
## Points of Interest
- Order blocks
- Major liquidity grab
## Framework
- On the 4H timeframe, gauge overall bias & locate major points of interest.
- When price enters a point of interest, drop down to the 15M or 5M timeframe.
- Wait patiently for price to purge liquidity within the point of interest.
- Wait for price to impulsively break structure & create imbalance.
- Enter at the order block responsible for the break of structure.
## Entries
- The OB caused a BOS.
- The OB is the extreme zone.
- The OB created clear imbalance.
- Liquidity has been clearly Identified.
BAKEUSDT is testing the supportSupport Test After Head and Shoulders: The present market condition involves BAKEUSDT testing the support around the $0.1 area following the formation of a clear head and shoulders pattern. This pattern is recognized by three peaks, with the middle peak (the "head") higher than the two surrounding peaks (the "shoulders"). It typically suggests a potential trend reversal.
Potential Support Loss: There's a possibility that the price might decline below the $0.1 area. In such a scenario, in line with Plancton's Rules, the price could subsequently revisit the $0.9 area.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
#BAKE Will Keep On Raising.Based on the profit selling and negative market conditions after its last rise, $BAKE is ready for the next rise.
Short BAKEUSDTLate but still valid
Shorting BAKEUSDT with price action conformation from 0.106 with initial target 0.095 then 0.09 and so on
Bake is Ready For BakingHere is My Study on Bake.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
BAKEUSDT overcame an important resistance levelHello everyone! The next direct coin is BAKEUSDT. Most recently, she showed an increase of 30% in a few days after several months of walking in the range. And it broke through an important level of 0.12. After that, the price immediately left to test this level. But the slogan mood of the coin is already noticeable, so I think that the price is still going to the upper border of the channel in the area of 0.144
BAKEUSDT SHORT POSITIONas you can see we have a HEAD & SHOULDERS pattern
please follow and support for more
Bake Latest Update Bakeusdt
Bakeusdt has reached a resistance level on the daily chart. It's facing strong resistance due to horizontal and bearish pennant breakdown levels. A potential drop of 15-25% is possible in the short term.
Remember, this is only an idea. Research before deciding.
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Happy trading!"
