$CAKE has delivered a clean impulsive move from the $2.01 base and pushed straight into the $2.16 resistance zone with strong bullish candles. The structure shows a clear trend shift from consolidation to expansion, indicating buyers are firmly in control on the intraday timeframe.
Trade Setup (Long – Pullback / Continuation)
Entry Zone: $2.10 – $2.14
Targets:
TP1: $2.25
TP2: $2.40
TP3: $2.65
Stop Loss: $1.98
The $2.10–$2.12 region is the key breakout support to watch. Holding above this zone keeps momentum intact and favors continuation toward higher resistance levels. Avoid chasing the top; best entries come on shallow pullbacks or a clean consolidation above $2.16.
CAKE
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