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BAKE / TetherUS

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BAKEUSDT trade ideas

Alikze »» BAKE | Pullback to descending structure🔍 Technical analysis: Pullback to descending structure - It is moving in an ascending channel in the daily time frame. - So far, there have been several positive reactions to the bottom of the channel, which has led to the upward jump of the price. - It is currently facing an important supply range due to the positive reaction to the bottom of the channel. - Therefore, if it cannot stabilize above the supply area, according to the downward momentum, it can lead to the breaking of the bottom of the channel and correction to the range of 0.195. - So in case of this event, this reversal can be a pullback to the broken structure to continue the downward path. 💎 Alternative scenario: if it can influence and stabilize above the supply area, it can fill the FVG gap in the first step and after correction and support in the middle area of ​​the channel, it will reach the target of 0.488. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
BAKEUSDT: A Sweet Opportunity Amidst a Sour Dump? pen_spark BAKE has been baking up a storm of volatility lately, with a nearly 50% price drop over the past few weeks. New lows have been established, leaving many traders wondering if the bottom is in. However, a closer look at the 4-hour chart reveals a potential long opportunity brewing. Key Points: Range-Bound: BAKEUSDT has been consolidating within a well-defined range on the 4-hour timeframe. This indicates a potential equilibrium between buyers and sellers. Breakout Potential: A decisive break and close above the upper boundary of this range could signal a shift in momentum and trigger a move towards the next resistance zone. Retest Opportunity: The next resistance zone would likely act as a retest area for the breakout. If BAKEUSDT holds above this zone, it could pave the way for further upside continuation. Risk Management: As with any trade, proper risk management is crucial. Set stop-loss orders below the recent swing low to protect your capital in case the breakout fails. Trade Idea: Entry: Consider entering a long position on a confirmed break and close above the lower boundary of the current range. Stop Loss: Place a stop-loss order below the recent swing low. Take Profit: Target the next resistance zone for a potential retest. If the retest holds, consider raising your take-profit targets to higher levels. Let me know if you'd like a more detailed analysis or have any questions. #BAKEUSDT #BakeryToken #Crypto #TradingView #TechnicalAnalysis
Long
by SwingSamurai_QMA
1
BAKE Prints Bullish Crossover — 36% Potential + Solid Backtest RBakeryToken flashed a bullish MACD crossover on the daily chart. Based on backtests, the signal provides a solid win rate of more than 90% for 2% and 5% gains. Even for 10% gains, the win rate is more than 82%. Additionally, the trend indicators are entirely bullish across all timeframes. Momentum indicators are neutral, which further backs the bullish setup. Summarized, indicators signal a super interesting scenario for an entry.
Long
by ben_walther