$BAKE /USDT BEARISH BREAKDOWN LOOMING – SELLERS GAIN CONTROL
BAKE/USDT is showing weakness as price trades around 0.0518, hugging the lower Bollinger Band (0.0513) after failing to hold the mid-band resistance at 0.0528. Momentum favors the bears with continuous lower closes, and selling pressure remains strong after a steep -34% drop in volume-adjusted price action. Unless buyers reclaim above 0.0535–0.0540, the market is likely to test deeper supports.
Trade Setup:
🔴 Short Entry: 0.0518 – 0.0525
🎯 Target (TP): 0.0503
🛑 Stop Loss (SL): 0.0538
Market Outlook:
Bearish pressure dominates in the short term, with limited bullish recovery signs. A clean break below 0.0503 could trigger further downside, while only a strong reclaim above 0.0540 would hint at reversal potential.
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buy and trade here on $BAKE
