CAKE LOOKS BEARISH
Updated
It looks like we have a contraction triangle on the chart. The lower trend line of the triangle is broken and the price has failed to recover it.
We are expected to move towards the green range with high volatility. We specified the targets. Closing a 4-hour candle above the red range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
We are expected to move towards the green range with high volatility. We specified the targets. Closing a 4-hour candle above the red range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
The first target was hit. It fell 13% from the specified range
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