Cake is huge pump incoming Just see Harami candle

//@version=5 indicator("Auto Support & Resistance", overlay=true) left = input.int(5, "Pivot Left Bars") right = input.int(5, "Pivot Right Bars") pivotHigh = ta.pivothigh(high, left, right) pivotLow = ta.pivotlow(low, left, right) var line srLines = array.new_line() if not na(pivotHigh) line.new(bar_index-right, pivotHigh, bar_index, pivotHigh, extend=extend.right, color=color.red, width=1) if not na(pivotLow) line.new(bar_index-right, pivotLow, bar_index, pivotLow, extend=extend.right, color=color.green, width=1)

The chart shows that CAKE has been mpving within a wide consolidation range for a long time, without a clear long-term trend. After a sharp decline in 2022 and early 2023 then price found stability around 1USDT and has since bounced upward several times.

CAKE is testing the lower boundary of the ascending channel again, which has been acting as solid support for months. As long as price holds above this trendline, we can still expect a bounce from here and continuation toward the upper range. Buyers just need to defend this zone — if they do, we might see a strong move back toward $4.5. Swallow Academy

It seems to be moving towards the ceiling of suffering on its daily support. We will probably have a shadow towards 2.550 and the targets will be 3.75 and eventually 5.20. Trade according to your strategy

CAKE/USDT Short Re-entry — A return to retest the repeatedly tested level. The price failed to break above the daily MA50 (2.95). If the overall market index continues to move down, there’s a high probability of a retest of the daily MA200 and the strong support zone around 2.2–2.3. — Entry: $2.694 (market sell) — Stop: $2.82 — 5% price move from entry to stop (not the loss percentage). — Target: $2.315 Risk per trade: 0.5% of total equity (actual loss percentage). Position size: 10% of total equity, with 10x leverage. Risk-to-Reward: 1 : 2.63

#CAKE The price is moving in an ascending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 2.70, representing a strong support point. We are heading for consolidation above the 100 moving average. Entry price: 2.74 First target: 2.82 Second target: 2.90 Third target: 2.99 Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.

CAKE/USDT Short — A return to retest the repeatedly tested level at 2.75. The price failed to break above the daily MA50 (2.95). If the overall market index continues to move down, there’s a high probability of a retest of the daily MA200 and the strong support zone around 2.2–2.3. — Entry: $2.75 (market sell) — Stop: $2.91 — 6% price move from entry to stop (not the loss percentage). — Target: $2.31 Risk per trade: 0.5% of total equity (actual loss percentage). Position size: 8% of total equity, with 10x leverage. Risk-to-Reward: 1 : 2.54

👋 Welcome to TradeCity Pro! In this analysis, I want to review the CAKE coin, one of the DeFi projects active on the BNB network with a market cap of 916 million USD, ranked 74th on CoinMarketCap. ⏳ 1-Hour Timeframe This coin is currently in a small range box on the 1-hour timeframe, and this tight range has reduced its price fluctuation. ✨ This compression indicates that, if the box is broken, price could make a sharp move. ⭐ Currently, price is at the bottom of this compression and has entered a key support zone. ✔️ If the support zone breaks, the downward move for CAKE will resume, so we can open a short position if the level is broken. 📊 However, if price finds support at this level and moves upward, we can open a long position once 2.785 is broken. 💥 Both triggers for long and short are highly risky. For more reliable triggers, for a long position, we should wait for the break of 3.017, and for a short, we would look for a lower high and low below the support zone. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️

Hi the support and resistances on the chart are based on the previous data and weekly candlesticks if BINANCE:CAKEUSDT holds this last support the potential of 30% gain is logical toward 3.55$