CAKE Scalping + Forecast (2-19)🔥 Market Overview:
Trend: Bullish recovery, testing key resistance levels.
Key Levels:
Resistance: $2.76, $3.12
Support: $2.55, $2.28 (EMA 200)
Indicators:
EMA 9 ($2.55) – Price holding above short-term EMA, bullish signal.
EMA 200 ($2.28) – Price comfortably above long-term EMA, confirming uptrend.
Supertrend: Bullish.
MACD: Weak bullish crossover but losing momentum.
RSI: 55.70 (Slightly overbought but still has room for upside).
🔥 Scalping Strategy:
🩸 1. Range Scalping
Buy near $2.55-$2.60, targeting $2.75-$2.80
Sell near $2.75-$2.80, targeting $2.55
Stop-loss below $2.50
🩸 2. Momentum Scalping (Breakout Play)
If price breaks $2.80 with volume, buy targeting $3.00-$3.12
Stop-loss below $2.70
🩸 3. EMA 200 Retest Play
If price drops to $2.28 (EMA 200), strong buy opportunity targeting $2.60-$2.80
Stop-loss below $2.20
🔥 Mid-Term Trend Forecast (1-3 Weeks):
A break above $2.80 could send price towards $3.12-$3.30.
If rejection occurs at resistance, expect a pullback towards $2.55-$2.28 before another attempt.
Losing $2.28 (EMA 200) would invalidate bullish momentum, bringing downside risk to $2.00.
🔥 News & Market Context:
No major news catalysts, movement mostly technical.
Market sentiment remains cautiously bullish.
High volatility expected—watch price reaction at resistance closely.
🔥 Decision:
🩸 Short-term: Bullish, but cautious at resistance.
🩸 Mid-term: Waiting for breakout confirmation or dip-buying opportunity.
🩸 Ideal Play: Buy on dips near $2.55 or EMA 200 at $2.28 for a safer entry.
👑 Final Verdict:
The trend is bullish, but key resistance must break for further upside. Smart money waits for either a breakout or a pullback entry.
🔥 FinCaesar’s Statement:
"Victory belongs to those who prepare for both war and peace—strike where the odds favor you." 👑
