CAKE / Binance Coin

CAKE Trade Setup PancakeSwap

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With recent listing on Binance, I am using the available data to draw possible Fibonacci levels and resistance/support lines. Its currently trading in downward channel and could bounce back easily.
CAKE will hit the resistance and can breakout of the downtrending channel easily with one of the news. Since there are many great news being rolled out by PancakeSwap team. I will be careful at the next support range.

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