$CAKE / USDT – Continued Pullback With Weak Buyer Defense
CAKE is trading near $1.20 after a notable decline, reflecting persistent selling pressure. The inability to hold higher levels suggests profit-taking and cautious sentiment among traders. Sellers currently dominate momentum, although oversold conditions may invite short-term buying attempts.
Recovery strength will depend on whether buyers reclaim nearby resistance quickly.
Potential Entry Zone for Buyers:
$1.12 – $1.18
Upside Targets:
• Target 1: $1.30
• Target 2: $1.42
• Extended Target: $1.55
Downside Levels to Watch:
$1.08 – $0.98
Protective Zone:
Stop-Loss: $0.95
Market Bias: Bearish
Any bounce may remain temporary unless structure improves.
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