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Bakeusd

What will happen to BAKE?From the place where we placed the red arrow on the chart, it seems that the BAKE correction has occurred. This correction looks like a diametric as we are now in wave E of this diametric. In the green range, wave E is expected to end and then we enter wave F. We are looking for buy/long positions in the green range. Closing a daily candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
BAKE ANALYSIS (1D)The past few days, when the whole market dropped, BAKE experienced a slight drop. How BAKE will be Boolean? According to BAKE, it has the ability to rise up to the specified supply range, but in this range, you can look for a sell/short position. tp can be the range of Demand. Closing a daily candle above the invalidation level 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
by behdark
3
BAKE: Breakout will push price by 200%#BAKE/USDT #Analysis Description --------------------------------------------------------------- + BAKE has repeatedly retested a key support zone, demonstrating resilience as the price continues to hold strong at this level. The latest test of this support presents a potential opportunity for a bounce back. + Multiple Retests: The price has tested this support zone multiple times, each time holding firm, which reinforces the strength of this level. + Current Setup: The price has once again hit the support, and we anticipate a bounce back from this zone, offering a favorable setup for a long trade. + Trade Opportunity: Given the consistent strength of this support zone, entering a long position with a target based on the expected bounce could be a promising strategy. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.2918 Stop Loss: 0.1790 ------------------------------ Target 1: 0.3442 Target 2: 0.4085 Target 3: 0.5613 Target 4: 0.8131 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Consolidation Phase with Neutral BiasOur technical analysis of the BAKE 4-hour chart indicates a period of consolidation. The price has recently closed at 0.4550, with a trading range defined by a low of 0.4493 and a high of 0.4578. The moderate trading volume of 1.402M does not point to any significant breakout in the immediate term. From a technical perspective, BAKE is trading within its Bollinger Bands, indicating no extreme volatility. The Relative Strength Index (RSI) is neutral at 55.94, suggesting that neither bulls nor bears are in full control. The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, with the MACD line just under the signal line, indicating potential short-term weakness. The chart identifies key support and resistance levels to watch. The current price action is above the solid support level, suggesting that this may hold if a downward move occurs. Conversely, there is a defined resistance level that may cap upward movements. Traders should monitor these levels for potential breakouts or bounces.
by MonoCoinSignal