CAKE / TetherUSLong
CAKEUSDT | Massive Upside Potential
The blue box on the chart represents a potential demand zone, where buyers might be stepping in to accumulate CAKE tokens. This area often indicates a region where the price has previously shown signs of strong support or reversal, suggesting that buyers are willing to purchase aggressively at this level.
Key Observations Supporting Buyer Accumulation:
Volume Increase in the Zone: A noticeable uptick in trading volume within this zone suggests active participation, likely from buyers. Increased volume at such levels often confirms accumulation.
Price Rejection Wicks: If the candles show long wicks rejecting lower prices, it indicates that selling pressure is being absorbed by buyers.
Historical Significance: If this blue box aligns with a previously tested support zone or a Fibonacci retracement level, it reinforces its strength as an accumulation area.
Market Sentiment: Look for signs of a broader market recovery or bullish sentiment in the overall crypto space, which could encourage accumulation in CAKE.
Indicators Alignment: Tools like RSI being in oversold territory or bullish divergence can further confirm that buyers are gaining control in this zone.
What to Watch Next:
Breakout Confirmation: A strong bullish candle breaking above the resistance of the zone confirms the buyer's dominance.
Retest of the Zone: If the price revisits this area after breaking out and holds above it, it solidifies this zone as a demand level.
I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see.
The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out!
Why follow me ?
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Key Observations Supporting Buyer Accumulation:
Volume Increase in the Zone: A noticeable uptick in trading volume within this zone suggests active participation, likely from buyers. Increased volume at such levels often confirms accumulation.
Price Rejection Wicks: If the candles show long wicks rejecting lower prices, it indicates that selling pressure is being absorbed by buyers.
Historical Significance: If this blue box aligns with a previously tested support zone or a Fibonacci retracement level, it reinforces its strength as an accumulation area.
Market Sentiment: Look for signs of a broader market recovery or bullish sentiment in the overall crypto space, which could encourage accumulation in CAKE.
Indicators Alignment: Tools like RSI being in oversold territory or bullish divergence can further confirm that buyers are gaining control in this zone.
What to Watch Next:
Breakout Confirmation: A strong bullish candle breaking above the resistance of the zone confirms the buyer's dominance.
Retest of the Zone: If the price revisits this area after breaking out and holds above it, it solidifies this zone as a demand level.
I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see.
The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out!
Why follow me ?
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
Professional Day Trader
Microstructure Practicioner
t.me/umuttrades
Microstructure Practicioner
t.me/umuttrades
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.
Professional Day Trader
Microstructure Practicioner
t.me/umuttrades
Microstructure Practicioner
t.me/umuttrades
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.