BAKE-USDT trade setup #BAKE
This is one of the most interesting charts IMO. it has the potential to give us at least 45% profit. The last TP would be around $5.
We see volume expansion at the resistance. The only point is to see whether it can hold the OBV trendline or not. If it cannot, then we can expect to see another touch of the bottom of the green area.
It will break the resistance soon if BTC can stay in the range of $60-64K.
BAKEUSDT trade ideas
BAKEUSDT - POTENTIAL LONG. RISK/PROFIT:1/10We have a double bottom on this coin. Waiting for a reversal to long. Bitcoin Dominance Indicates Altcoin Rise. The altcoin season is waiting for us soon. This coin has a strong fundamental.
Coin:BAKEUSDT
🚪Long entry: 2.051, 2.023, 1.993
✅ Target of fixation: 2.2, 2.5, 3
⛔️ Stop fixing above 1.930 of the next 4-hour candle
⚠️ Maximum allowable leverage: 5
❗️ Risk/Profit: 1/10
BAKEUSDT + 100 % possibleBake is worth watching, we are testing the declining trendline which is acting as resistance for a long time.
Once we can break this area we can see an explosive move.
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BAKE double bottom pattern to $5#BAKEUSDT
$BAKE broke out from descending resistance line and confirmed it as support, price will head up toward the resistance zone around $3, and if success to break out this zone, for completing double bottom pattern will touch $4.9 (that is around 140% increase)
if price break down from ascending support line the bullish scenario will be invalid.
BAKEUSDTBullish continuation within corrective structure.
🔵CYCLE 🚦🚦🚦
Buy *BAKE/USDT* at Current Price: 2.048
Potential Profit Target (PPT) => [30% 70%
*Trade settings*
First buy: 20
Margin call limit: 7
No of Cycle/Sell: 7 times
*NO Dip Calls Multiplier Buy in*
1st call: 3.2% Buy 0.5 times
2nd call: 2.5% Buy 0.5 times
3rd call: 1.7% Buy 1 times
4th call: 2.5% Buy 0.5 times
5th call: 2.5% Buy 1 times
6th call: 3.5% Buy 1 times
7th call: 2.5% Buy 2 times
Change Mode to One-Shot after 7th Call/Profit or when price is near 3.000
*Note: If the trade buys all the calls you should make about 70% profit on Investment*
Bake's Trading RangeHey,
it's obvious we are in the range zone
my guess is we can reach the top line of this range
as you can see I put MA 100 to the chart and the price completely respects this line so we can say if you lost the chance to buy at the bottom (1.395$) you can consider if this line breaks it will be a good time to buy and our primary target is 3.329$ however if the price comes out from this range we can see pump too.
do your research before investing.
good luck.