"CAKE/USDT Long Trade Setup: Symmetrical Triangle Breakout Sign

14 déc. 2023

Trade Setup for CAKE/USDT: Long Position

Analysis:
CAKE is exhibiting a symmetrical triangle pattern, indicating a potential breakout with a strong rebound.
The current market trend supports a bullish outlook.
Entry:

Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $2.38.
Targets:

$2.56
$2.7
$2.9
$3.2
Stop Loss (SL):

Set the Stop Loss at $2.285 to limit potential losses.
Leverage:

Use leverage cautiously: 5x to 10x.

DYOR

16 déc. 2023

Trade fermée: ordre d’arrêt atteint