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BAKE / TetherUS

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BAKEUSDT trade ideas

BakeryToken (BAKE) token to 20 centsOn the above daily chart price action has corrected 40% from the recent high of 20 cents. Price action is about to return there. Why? 1) Price action and RSI resistance breakouts. 2) Price action confirms support confirms on resistance. 3) Bull flag breakout forecasts a 50% move in price action. Is it possible price action corrects further? sure. Is it probable? no. Ww Type: trade Risk: <6% Timeframe for long: Yesterday Return: 50%
Long
by without_worries
7
BAKE/USDT it required to bounce for back to upward movement!💎 Paradisers, the recent market activity surrounding #BAKE has indeed captured attention. Currently positioned within the bullish OB area, there's potential for BAKE to find support and initiate an upward trajectory. 💎 Should this materialize, BAKE may test resistance levels, with a breakout signaling bullish sentiment and potentially leading to further upward movement toward our target strong resistance area. 💎However, should BAKE falter in its attempt to breach resistance and face rejection, it could indicate weakening momentum, prompting a retreat back towards the Bullish OB area. 💎 Should BAKE's attempt to find support in the OB area fail, it may trigger further downward movement, extending the current bearish trend. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
2
BAKE/USDT in weekly timeThe trend line and the last ceiling are broken. The BAKE/USDT chart has made a higher low, but the BAKE/BTC chart has made a lower low, and that means whales have entered the BAKE currency. We put the first entry point on the market price and the second and third entry points on the pullback of 50% and 66% of the last log, respectively. The stop loss is below the last low and for the target size of the first leg, we go up in the second leg as well . green lien : tp red line : stop loss blue lines : entry prices If the analysis needs to be updated, I will let you know.
Long
by kianbolouki
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
BAKE Your Opportunity to Build Wealth: Unlock Crypto's Hidden## Bake Coin (BAKE): Fundamentals, Recent News, and Disclaimer **Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions. **Fundamentals:** * **Native token of BakerySwap, a decentralized finance (DeFi) platform built on Binance Smart Chain.** * **Used for:** * **Staking to earn rewards:** Users can stake BAKE to earn BAKE and other tokens. * **Voting on governance proposals:** BAKE holders can vote on proposals that affect the future of BakerySwap. * **Paying fees:** BAKE can be used to pay for fees on BakerySwap, such as trading fees and swap fees. * **Total supply:** 1 billion BAKE * **Circulating supply:** 290 million BAKE * **Current price:** $0.42 USD (as of February 17, 2024) * **Market cap:** $121 million USD **Recent News:** * **February 15, 2024:** BakerySwap launched a new product called "Smart Bundles," which allows users to invest in a combination of multiple assets with a single click. * **February 9, 2024:** BakerySwap announced a partnership with Chainlink, a decentralized oracle network. This partnership will allow BakerySwap to access secure and reliable data feeds. * **January 26, 2024:** BakerySwap launched a new feature called "Auto CAKE," which allows users to automatically compound their CAKE rewards. **Overall:** * BAKE is a utility token that plays a central role in the BakerySwap ecosystem. * The recent news suggests that BakerySwap is actively developing new products and features. * However, the price of BAKE is still down significantly from its all-time high of $4.60 USD in May 2021.
Long
by MoonTradingForecast