CAKEUSD (1W) - buy the dip
Hi traders,
Here it is my idea for a long position on CAKEUSD (1 week time frame).
the price hit a local high in March 2024 and hit another high in November 2024, now we can hope in a bear weak to have a bounce up after. The idea is to enter in the buy area, which is determined by the shadows of the last two candles. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 2.729 and 2.527.
We will put our first take profit at the level of the last high, at 4.613. The second take profit will be at 5.393, when the price hit a local high in November 2022.
Good luck!
Here it is my idea for a long position on CAKEUSD (1 week time frame).
the price hit a local high in March 2024 and hit another high in November 2024, now we can hope in a bear weak to have a bounce up after. The idea is to enter in the buy area, which is determined by the shadows of the last two candles. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 2.729 and 2.527.
We will put our first take profit at the level of the last high, at 4.613. The second take profit will be at 5.393, when the price hit a local high in November 2022.
Good luck!
交易進行
CAKE still cheap and may be ready for the impulse 
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。