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CAKE / TetherUS

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CAKEUSDT trade ideas

CAKE, the trendline BREAKOUT! Is PUMP still possible?PancakeSwap(CAKE) broke the trend line and tested it as support. This shows the strength of the buyer, but at the same time the volume has not increased. So, a local dump with a false breakout is possible, after which it is ok to open a long position with a profit risk of 1:5 or more! Large volumes in the fall of the price show that someone has accumulated a position, therefore a local PUMP is possible. Targets: 1. $9,20-9,40 2. $9,75-10 Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4
CAKEUSDT is testing the resistanceThe price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance. On the 4h timeframe the price is below a supply zone on 7$. How to approach? The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
5
POSSIBLE BREAKOUT , REVERSAL UPTREND ? Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! - $CAKE is on the verge of breakout on the channel's high. Currently it's moving on the 1D time frame chart into a descending channel and after the break-out, It'll be able to climb up to the higher S/R 9.4$ - 10.5$ - 12.80$ respectively. - But it's better to wait for a proper hold above 9.0$ to take Long on it, meanwhile we can notice the spike in volume where buyers pushed the price upper protecting level of support 5.3$ as i suggest that buyers are shifting their money into CAKE making it likely that the existing trend is about to reverse direction after the sellers have failed to make a new lower low. - Be aware that we have the possibility of reversal on $BTC at $49500's resistance. Hope you enjoyed the content I created, Have a good day Traders!
Long
by Johnny_a88