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BREAK DOWN before DROP then EXPLOSION
CAKE
Long
BREAK DOWN before DROP then EXPLOSION
By ray3spinoza
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Jul 22, 2023
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Jul 22, 2023
CAKE has a good chance of making one last leg down before hitting a good Buy Zone ($1.20 - $1.05)!
I’m not a big fan of support lines, but this one has some validity especially since the MACD is losing momentum.
Then the next move we may see some serious green candles to the upside.
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I like to keep my analysis simple and clean.
Feel free to check out my other posts!
Support and Resistance
ray3spinoza
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