$CAKE – Bouncing From Support, Breakout Loading 🍰🚀
Sweet setup on $CAKE. Price bounced cleanly from support and is now pushing for continuation. Reversal confirmed on higher timeframe, momentum building—this one's waking up.
**📈 LONG $CAKE**
**Entry Zone:** $1.28 – $1.32
**Stop Loss:** $1.24 (below structure)
🎯 Targets:
🥇 $1.36
🥈 $1.42
🥉 $1.50
🔍 Why This Setup:
· Clean bounce from support — demand zone held firm
· Pushing for breakout continuation — higher lows forming
· Reversal confirmed on higher timeframe — structure flipping bullish
· Momentum building — buyers stepping in with conviction
The Thesis:
Support held. Reversal confirmed. Now we watch for price to clear $1.36 with volume. First target is the initial resistance—break that and $1.42 opens up. If momentum really catches, $1.50 is the macro target.
Buy and Trade $CAKE here 👇
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