$CAKE /USDC BEARISH CONTINUATION SETUP

CAKE/USDC remains under sustained selling pressure, failing to reclaim key resistance after multiple rejection attempts. The overall market structure is bearish, with price trading below major moving averages and forming lower highs, indicating weakness across intraday and higher timeframes. Recent pullbacks lack strong buying volume, suggesting sellers are still in control and downside continuation is likely.

Trade Idea: SHORT

Entry Zone: 1.80 – 1.85

Targets: TP1: 1.70

TP2: 1.60

TP3: 1.45

Stop Loss: SL: 1.95

Risk Management: Limit risk per trade to a small percentage of capital, wait for confirmation near resistance before entry, and trail stop loss after the first target to protect gains.

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