CAKEUSDT trade ideas
CAKEUSDT is testing the 0.5 Fibonacci LevelCAKEUSDT created a double bottom on the weekly support and now the market is testing the 0.5 Fibonacci level.
The buyers are trying to have a breakout from the descending trendline (dynamic resistance)
We can wait for the breakout from the weekly resistance (red one) and apply our rules to open a new long position
CAKEUSDT-LONGBased on technical factors there is a long position in :
CAKEUSDT Cake
Score 2️⃣
🔵Long Now or set on Key Level 10.90
🟢Target 1 11.50
🟢Target 2 12.10
❌Stop loss 10.60
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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CAKE/USDT Bullish Bat FormationCAKE/USDT has completed a bullish bat pattern and is now trading in the strong demand zone. There is a high chance that it will reverse from here. And Risk to Reward Ratio is pretty awesome at this level. So, it's definitely worth a try.
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Trade Like Pros.