📉 SHORT 
BAKEUSDT.P from $0.2670
🛡 Stop Loss: $0.2834
⏱ 15M Timeframe
✅ Overview:
➡️BAKEUSDT.P experienced a sharp upward spike, reaching $0.2834, but was followed by a strong decline, indicating profit-taking from major players.
➡️ POC (Point of Control) at $0.2837 shows a high-liquidity area where most trading volume occurred, suggesting a possible resistance zone.
➡️ The $0.2670 level currently acts as short-term support, but a confirmed breakdown could trigger further downside.
➡️ The chart structure signals a potential correction after this steep rally, making short positions at these levels attractive.
⚡ Plan:
➡️ Enter short after confirming a breakdown below $0.2670.
➡️ Risk management through Stop-Loss at $0.2834, placed above the liquidity zone.
Targets:
💎 TP 1: $0.2585
🔥 TP 2: $0.2452
⚡ TP 3: $0.2310
🚀BAKEUSDT.P shows correction signals — expecting further downside!
📢BAKEUSDT.P saw a vertical spike, but the lack of strong buying interest at higher levels suggests potential profit-taking.
📢 If $0.2670 breaks downward, we could see continued selling pressure towards $0.2310.
📢 However, a breakout above $0.2834 could change the scenario, so risk management is crucial.
BAKEUSDT.P from $0.2670🛡 Stop Loss: $0.2834
⏱ 15M Timeframe
✅ Overview:
➡️
BAKEUSDT.P experienced a sharp upward spike, reaching $0.2834, but was followed by a strong decline, indicating profit-taking from major players.➡️ POC (Point of Control) at $0.2837 shows a high-liquidity area where most trading volume occurred, suggesting a possible resistance zone.
➡️ The $0.2670 level currently acts as short-term support, but a confirmed breakdown could trigger further downside.
➡️ The chart structure signals a potential correction after this steep rally, making short positions at these levels attractive.
⚡ Plan:
➡️ Enter short after confirming a breakdown below $0.2670.
➡️ Risk management through Stop-Loss at $0.2834, placed above the liquidity zone.
Targets:
💎 TP 1: $0.2585
🔥 TP 2: $0.2452
⚡ TP 3: $0.2310
🚀
BAKEUSDT.P shows correction signals — expecting further downside!📢
BAKEUSDT.P saw a vertical spike, but the lack of strong buying interest at higher levels suggests potential profit-taking. 📢 If $0.2670 breaks downward, we could see continued selling pressure towards $0.2310.
📢 However, a breakout above $0.2834 could change the scenario, so risk management is crucial.
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🔥Subscribe to our Telegram channel🔥
🔥Every day 1 FREE signal 🔥
🔗 tinyurl.com/GoToMoriartyTradeGlobal
🔥Every day 1 FREE signal 🔥
🔗 tinyurl.com/GoToMoriartyTradeGlobal
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.