๐ฅ PancakeSwap๏ผ
$CAKE ๏ผMarket Observation
Just now, there was a strong long liquidation in the market at $1.307 (around $2.35K), and the low liquidity has been cleared, making the chips cleaner.
From a technical structure perspective, CAKE still maintains a bullish pattern, and the key is whether it can hold the support below and break through the resistance above.
๐ป Support Area
$2.02 โโ Currently the most critical bottom support
$1.80 โโ If a deep pullback occurs, this is the second line of defense
๐ Resistance / Target Area
$2.90 โ $3.05 โโ The current โBOSS levelโ
$4.00 / $5.00 โโ Mid-term advancement target
$7.50 โโ Long-term target after a major structure breakout
๐ฏ Key Points of Movement
๐ Upward: As long as it effectively breaks through $2.9โ$3.05, the upper space will be quickly opened, looking at $4 first, then $5
๐ Downward: $2.0 must be held; otherwise, it is easy to test lower support again
๐ฅ One-sentence summary:
โThe next BOSS for CAKE is $2.9 โโ If we take it down, the $5 party will start; if we fail, we have to go back to level up.โ
Rationally follow the structure, donโt chase emotions; the market always rewards those who are patient.
#CAKE #PancakeSwap #Cryptoๅๆ #XTcom