CAKEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price was able to get out of its channel and start moving upwards. If it can not break the resistance in front of it, it can be supported until the green line, and if it breaks the resistance, it can have a good jump, and also the pattern of the head and shoulders of the floor can be seen.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Cakeusdt
⚠️CAKE/USDT Is About to Launch Its Rocket 🚀📈 CAKE/USDT | Potential Upward Movement
💡 Buy Limit Order @ 17.097
🎯 Target Profit 22.051
🛑 Stop Loss 15.742
❌ Do not risk more than 1% of your account on each trade
Description:
The price failed to probe below the 15 USDT mark and posted a head and shoulders signaling a potential of a reversal. As well, we have a smaller head and shoulders where the price might bounce at its neckline and then a move upward toward the target profit.
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🙂 Good Luck!
CAKE / USDT Recently Added Coin on BinanceCoin for local work, breakout entry or pullback after a downtrend breakout. Group 3.
It is worth adding that the usual practice is used, the price on low-liquid exchanges is accelerated by burning money and the Binance exchange is added at the very top of the pump. The maximum price on the market was $ 18.9. Now there is a pullback and the price is $ 10.9. But the humor is that tradeview doesn't show charts for small exchanges. On them, the price was 14 times lower recently than the price now at the "bottom" of the Binance exchange. There are a lot of inexperienced traders on the Binance exchange who will buy "at the bottom", therefore, you can make money on this.
When large market participants drop their positions, for this you need to generate a wave and interest from speculators and investors, you can make money on this. An example of such coins that gave hundreds of percent and were added to Binance at more than 10 times the price when listed. For example, here is this coin, for which I made a trading idea for which the profit was more than + 700% at the moment. And for manipulators 267X!!!
+ 735% since the publication of my trading idea, and for "conspirators" ( manipulators+Binance ) more than 296X !!!
The price is still in an uptrend.
CAKE - Important accumulation zone before being bullishThe price is trapped inside the 20 and 50 averages, this zone must be broken to confirm the trend (bullish or bearish).
Basically we continue with the same idea presented previously.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
CAKE - Precise as a Swiss watchWe need to break the bearish channel and the resistance zone to be able to go bullish.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
Buy Cake LongHere's Pancake swap idea.
What is Pancake swap?
Pancake Swap is the leading decentralized exchange on Binance Smart Chain, with the highest trading volumes in the market.
Market Cap Rank #46
All-Time High $43.96
All-Time Low $0.194441
Next Move expected with another Bull run.
My Entry Targeted Price is $9.1 with TP @$68 to $70.
Stop loss $5
Watching Pancake as a best opportunity.
$100 investment on Pancake: You'll get 10.98 coins. If we hit our target at $70 our profit will be $768.6.
Good Luck.
My idea for CAKE/USDT for the weekendI'm just a beginner chartist but I cannot ignore this double bottom pattern potentially forming.
If the red dynamic resistance line is broken with some volume (and retested) then a break above the purple neckline may be in the books, followed by a break above the last support turned resistance. If then that level is retested and it holds then we are looking forward to a move higher up. Please watch all the key levels that I circled on the chart. If you go long use proper stop losses and you may also want to take small profits on the way up at the key levels.
Remember, the bull trend has not yet been confirmed on the 4-hourly chart, we are still officially in a bear trend on the short term. We may as well see further downward movement regardless of my observations.