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Bakeusdtidea

BAKE/USDT Could BAKE Bounce and continue upward ?? or Break down💎 BAKE's market activity has been gaining significant attention recently. At present, BAKE is positioned at a pivotal support area, which was formerly a resistance level. 💎 Historically, this zone has been robust enough to prevent a significant breakdown of BAKE, suggesting a potential rebound from this level. 💎 If it successfully bounces back, BAKE may attempt to breach the resistance at $0.419, the probability leading to an upward journey toward the targeted Bearish OB area. 💎 However, should BAKE fail to hold above this support zone, implying a breakdown, it could signal a concerning shift from a bullish to a bearish trend. In such a case, BAKE may enter a downward trajectory, with its next critical point being the demand zone around $0.217. 💎 The demand zone will play a crucial role in BAKE's recovery. A strong bounce and reclaiming of levels above the support are essential to reverse the bearish momentum. Failure to achieve this could confirm a bearish trend for BAKE, potentially leading to further declines below the demand zone.
by MyCryptoParadise
1
We are currently in an upward trend (BAKE)❤️❤️Thanks for boosting 🚀 and supporting us! 📈We are currently in an upward trend, and this trend needs a small correction to go again. 📊 (Buy) :0.260 🔴 Stop Loss : 0.2055 🎯 Take Profit : 0.324-0.416-0.459 🔗 For more communication with us, In the footnote and send a message in TradingView. 👨‍🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Long
by ahmadarz
2
BAKEUSDT.1DBased on the market data provided, the BAKE/USDT pair appears to be in a strong uptrend. This is indicated by the high Relative Strength Index (RSI) values across the 4-hour, 1-day, and 7-day periods, all of which are above 70. The Moving Average Convergence Divergence (MACD) values also support this bullish sentiment, as they are positive across all three timeframes, suggesting that the upward momentum is strong. The Bollinger Bands (BB) on the 4-hour, 1-day, and 7-day charts also indicate a bullish trend, with the current price of 0.4462 being above the middle band in all cases, suggesting the price is trending upwards. The support and resistance levels indicate potential levels at which the price might bounce back or face resistance. The nearest support level on the 4-hour chart is at 0.3176 USDT, while the nearest resistance is at 0.4650 USDT. On the 1-day and 7-day charts, the nearest support levels are at 0.3002 USDT and 0.1659 USDT respectively, and the nearest resistances are at 0.4867 USDT and 0.4820 USDT respectively. In conclusion, based on the technical indicators, BAKE/USDT appears to be in a strong bullish trend. However, it's important to note that these indicators do not guarantee future price movements, and they should be used in conjunction with other forms of analysis and risk management techniques. Always invest wisely and only risk what you can afford to lose.
by MarsSignals
5
"BAKE/USDT Long Trade Analysis: Falling Wedge Breakout Signals RTrade Setup for BAKE/USDT: Long Position Analysis: BAKE has broken out of a falling wedge pattern, indicating a potential reversal. The current market situation involves a retest after the breakout. Entry: Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $0.2228. Targets: $0.255 $0.277 $0.2944 $0.32 $0.38 Stop Loss (SL): Set the Stop Loss at $0.2138 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. Risk-Reward Ratio (R:R): Risk-Reward Ratio is 1:6 (Lucrative). Caution: Use leverage in accordance with your risk appetite and be conservative to mitigate significant losses. Perform your own research (DYOR) before making any trading decisions. This information is not financial advice.
Long
by CRYPTOMOJO_TA
BAKE/USDT BREAKOUT! READY TO PUMPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice. Buy some BAKE at CMP and add more up to $0.9 Target:- 25-30% SL:- $0.8750 Lev:-10x Keep your SL tight. This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section.
Long
by CRYPTOMOJO_TA
1
BAKE/USDT 1 HOURS TRADE SETUPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as an LONG BAKE/USDT ENTRY- CMP and add more up to $0.514 SL of $0.50 Target:- 10-12% Lev:- 10x This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
BAKEUSDT - A Bright Future AheadWow! Could BAKEUSDT be ready for a bright future ahead? If we analyze this chart from a liquidity perspective, existing buyers should now be stopped out of the market, creating liquidity for the banks to swoop in and buy up. I am new to crypto analysis but a chart like this on forex would definitely spark some interest for me. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
by AlkalineFX
8
💥BAKE BREAKOUT - FALL TO $1.470 OR RISE BY 235% TO $4.80 & $7.2Please support this idea with a LIKE👍 if you find it useful🥳 As seen here on a daily TF, we have price broke out of the descending triangle and got itself into a symmetrical triangle. Right now, market is indecisive whether to go long or to short. Therefore, a downward breakout from the existing symmetrical triangle will make price fall to $1.470 and an upward breakout will push price by 235% to $4.80 and $7.20. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on BAKE ( BAKEUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading