We saw PancakeSwap's CAKE token hit lows we haven't seen since mid-March over the last few days.
Looking forward, I want to see if CAKE breaks through this resistance zone and then I'll buy the retest.
I'm not sold BTC has recovered and if we do see another major BTC pullback, alts will take a beating and that includes CAKE.
Be cautious and wait for confirmations. Take profits on big days like yesterday.
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
Looking forward, I want to see if CAKE breaks through this resistance zone and then I'll buy the retest.
I'm not sold BTC has recovered and if we do see another major BTC pullback, alts will take a beating and that includes CAKE.
Be cautious and wait for confirmations. Take profits on big days like yesterday.
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
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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.
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.