Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#CAKE has broke above the bearish trendline and the lower support zone has showed a stiff support.
MACD is gaining bullish momentum on histogram and it looks like that we'll face a bullish continuation after a retest on broken level !
The higher resistances will be :
- $21.06
- $22.85
- $25.88
- $31.50
- $38.30
The lower support zone can be used as 2nd entry if we saw any developing candle on it and the SL can be placed below it...
🔴 Based on higher data, The invalidation of the bullish bias will be a hold confirmation below the zone !
📌 Huge gap formed at ~61000$
FYI: ±90% of CME gaps are filled sooner or later.
Keep this in mind.
We hope it won't be filled 🙂
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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