CAKE Breakdown – Major Bearish Move Incoming?

há 3 dias

#CAKE has broken a critical support level after forming a Triangle Pattern on the 1-hour timeframe.

🔻 Key Observations:
✅ Triangle Breakdown – The price failed to sustain inside the pattern.
✅ Support Break – A major support level has been breached, confirming the bearish structure.
✅ Retest Zone – Price may retest the broken support before further decline.

🎯 Trading Plan:
🔹 Entry: Short at CMP or on a retest of support.
🔹 Target: Next support zone.
🔹 Stop-Loss: Above the retest level (tight risk management).

💡 What do you think? Will #CAKE continue its downtrend or surprise us with a reversal? Drop your thoughts in the comments! 👇👇

📊 Like & follow for more real-time market insights! 🚀🔥

anteontem

Nota

This Trade is still valid. Wait for the break and closes the Candle below new Support Level 2.3. then take a short trade with mention SL and TPs.