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$CAKE Long Setup Alert, Bull Analysis
$CAKE /USDT is showing steady higher-lows and a clean reclaim back toward the daily high. With price holding above the 1.952 pivot and buyers defending pullbacks, a push into the 1.977–1.981 area looks probable.
📊 Market Snapshot
Timeframe Analyzed: 1h
Current Price: 1.976
24h High: 1.977
24h Low: 1.925
Volume: 3.22M USDT
📌 Key Levels to Watch
Support: 1.966, 1.952, 1.939, 1.925
Resistance: 1.977, 1.981, 2.000
🎯 Trade Setup
Entry Zone: 1.962 to 1.976
TP1: 1.981
TP2: 2.000
TP3: 2.040
SL: 1.938
⚠️ Invalidation
Setup invalid if price closes below 1.952 on the 1h timeframe (reclaim fails and structure breaks).
✨ Summary
Bullish continuation setup. As long as price stays above 1.952, the path toward 2.000 then 2.040 remains in play. Watch for a break and retest above 1.977 or a pullback sweep into 1.966–1.952 followed by a strong reclaim with volume expansion.
#CAKE #CAKEUSDT #LongSetup