$CAKE
/USDT BEARISH STRUCTURE CONTINUATION
CAKE is respecting a clear bearish market structure, with price repeatedly rejecting from overhead supply zones. The breakdown below key support has flipped that area into resistance, confirming seller control. Weak rebounds and sustained pressure suggest a continuation move toward lower demand zones in the near term.
Trade Plan – SHORT
Entry Zone:
• Short on pullback into the resistance / supply area
Targets:
• TP1: Nearest demand support
• TP2: Previous range low
• TP3: Extended downside toward major demand
Stop Loss:
• Above the recent lower high / bearish structure invalidation
Bias:
Bearish while price remains below resistance and fails to reclaim structure.
Risk Management:
Risk a fixed small percentage per trade, scale out at targets, and move stop to breakeven after TP1 to lock in protection.
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