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BAKE / TetherUS

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BAKEUSDT trade ideas

Is BAKE baking something?After a 62.45% drop it looks like BAKE may have finally found its bottom (caution before we go further) SEC news on the BTC ETFs is 2 days away from posting this, there could be some violent swings. $1.25 would be the technical target, but as with my SOL chart, we could overshoot if the ETFs are approved, or it may take more time to develop, or we could dump hard if they are denied. Some believe that an ETF approval is a sell the news event, I personally think we'll pump first and some correction later, how much we pump and correct is anyones guess.
by azda71
9
Bake- An interesting coin with 2x potential and 1:4 R:RFrom a technical perspective, BINANCE:BAKEUSDT presents an intriguing opportunity at the moment. Examining the chart reveals a noteworthy pattern. Following the initial breakout from long-term accumulation above 0.2 back in December, the coin underwent a correction to validate the breached resistance. This correction was succeeded by a remarkable pump, and the subsequent decline found solid support at the newly established level (the previous high of the initial upward movement). Taking into account the prevailing optimism in the crypto market and the coin's characteristic high volatility, there is potential for a new upward movement and a test of the recent peak. However, it's crucial to be mindful of the elevated risk associated with this particular coin. If you are considering a purchase, it should be done using high-risk capital.
Long
by Mihai_Iacob
4
BAKE/USDT It required Bounce or Continue downward movement !!💎 BAKE's market activity has been notably dynamic recently. The asset is currently positioned at a pivotal support area, and its next moves are being closely monitored. 💎 A successful bounce off this support level could probability propel BAKE upward, setting its sights on reaching the anticipated supply area target. 💎 However, there's a critical caveat to consider. If BAKE fails to maintain its stand above this support level and instead breaches it downward, a different market scenario may unfold. Such a breakdown would likely signal a bearish shift, propelling BAKE towards a lower demand zone at approximately 0.217. 💎 This demand level holds significant importance as it represents the last stronghold of bullish support for BAKE. The asset's ability to bounce back and reclaim its position above this support level will be crucial. 💎 Mere consolidation around this area without a decisive upward move could spell trouble, potentially leading to a break of this support and a continuation of the downward trend towards more robust support zones. The market's response at this demand area will be a key determinant of BAKE's short to medium-term trajectory.
by MyCryptoParadise_Nathan
One more drop for bake From top to bottom, we experienced over a 60% correction in just one week. However, the best entry opportunity is not available yet. The range of 0.256 to 0.278 presents a very good buying opportunity for the dip according to Vegas tunnel ema 576 and 676, and I recommend holding until it bounces back to the Fibonacci level of 0.618. I will provide an update on the exact location of 0.618 when I observe a confirmed double bottom. Not financial advice Do your own research before investing your money
Long
by Lueastman
18
✴️ Bakery | The Bottom Is In + 333% Target (Name Your Altcoin) Are you a baker? Many Altcoins hit bottom in September and October, this bottom being technically part of a correction rather than the end of a bearish impulse, what's the difference? We will leave the explanation for another article, let's focus on the signals at hand, BAKEUSDT. Our concern is with a bullish reversal, with a bullish wave, with Cryptocurrency growing, with a green Bake; do we agree? The signals are clear if you ask me. Volume is always the best indicator or the strongest confirmator but it needs context to work. Whenever a move is accompanied by volume, we know the move to be either "real" or strong. Back in November/December 2022 a bottom pattern showed up that led to a weak rally... The lack of volume predicted that the rally wouldn't last and it didn't, it ended in new lows. Now, in June/September 2023 we have a new bottom pattern but this time supported by really high volume, this tells us that the next rally will be strong and is likely to end in a higher low rather than new lows, meaning, long-term growth. ➖ Bullish divergence with the RSI and MACD as well. ➖ BAKEUSDT is trading above EMA50. You can find the targets on the chart... Thank you for reading. I am sending you kisses... Lol, just kidding! Namaste.
Long
by MasterAnanda
2
Mock Up Price Action for BAKE | Mid Term (12HR)Mock Up Price Action for BINANCE:BAKEUSDT | Mid Term (12HR) - Watching and waiting for opportunity to enter short Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
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