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CAKE / TetherUS

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CAKEUSDT trade ideas

$CAKE* Cake is sitting on weekly support. * Possibility of cup & handle formation 1d: Bullish trend strength: 21 MA7 > MA25 > MA99 MA50 > MA100 > MA200 Supertrend is long Price > MA50 Chikou Span > Price Bearish reversal potential: 15 MACD Bearish Cross DI+/ DI- Bearish Cross Bearish Engulfing 3D: Bullish trend strength: 32 MA7 > MA25 > MA99 Supertrend is long Price > MA7 Price > Tenkan Sen Price > Kijun Sen > Kumo Chikou Span > Price MACD > 0 Bearish reversal potential: 1 StochRSI Overbought
Long
by TraderASY
2
$CAKE has 2 ways to breakout#CAKE has two options in my opinion: Scenario A: - the volume increases and on a daily timeframe we can see a possible breakout of the first resistance. So far the support is holding. Scenario B: - if the volume decreases we can see a possible retrace but soon it will be possible to re-try and finally break the resistance. IMO the scenario A is more what will happen. In both of the cases, buckle up! NASDAQ:CAKE can easily reach the old time high, other folks are saying it can even reach $100 in this bull run. Do always your diligence and take profit along the way. My strategy is to take 25% to all my targets, for instance: - take 25% profit when it reaches 10$ - 25% when it reaches $20 - 25% if it reaches $40 - the rest will ride until I think it's the ATH
Long
by Leandro_P
CAKE can go to the bottom of the rectangleCAKE can go to the bottom of the rectangle again before it continues to to up 🔵Entry Zone 3.021 - 3.128 🔴SL 2.6264 🟢TP1 3.3490 🟢TP2 3.6706 🟢TP3 4.5688 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
🎂💹 CAKE Trading Strategy - Laddering Within Support Zone! 🚀📊🔍 Strategy Overview: Condition: Testing the $3.00 - $3.15 support area. Entry Criteria: Ladder entry within the support zone. Targets: Aim for the next resistance levels at $3.45 or $3.65 - $3.80. Risk Management: Set stop-loss just below $2.80. 📢 Analysis: Utilizing laddering within a strong support zone provides flexibility. Keep an eye on market dynamics and adapt as needed. 🌐🚀 #CAKE #CryptoTrading #RiskManagement 💰📈
Long
by Richtv_official
CAKE/USDT | 1W 👀Currently, the coin maintains a stable downward trend. Cake is the native token of the PancakeSwap decentralized exchange. The coin is well-suited for swaps and for addressing tasks within the exchange ecosystem. - Not financial advice, trade with caution. #Crypto #PancakeSwap #Investment #CAKE ✅ Stay updated on market news and developments that may influence the price of PancakeSwap. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #PancakeSwap #Investment #CAKE
by Nyskohuz
1
CAKEUSDT Elliott Waves (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Targets: 2.68 - 2.78 - 2.86 Stop: ~2.37 (depending of ur risk). RR: 1 to 3 ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive