$CAKE USDT LONG TRADE SIGNAL🔥
$CAKE USDT has printed a strong V-shaped recovery after completing a corrective phase near the 1.18 demand zone. The pair formed a clear higher low structure followed by impulsive bullish candles, reclaiming the 1.24–1.26 resistance block with strong momentum.
The breakout above 1.26 confirms bullish market structure shift on the 1H timeframe. Price is now pressing against the 1.29 psychological resistance, and sustained strength above this level opens room for continuation toward higher liquidity zones.
Trade Setup:
Long Entry: 1.260 – 1.290
TP1: 1.320
TP2: 1.360
TP3: 1.420
SL: 1.220
Holding above 1.24 keeps bullish momentum intact. A breakdown below 1.22 would invalidate the immediate bullish structure and signal deeper retracement.
Market Outlook:
Momentum has flipped in favor of buyers with strong continuation candles and higher low formation. Pullbacks toward breakout zones should be viewed as opportunities while structure remains bullish. Continuation likely if overall market sentiment stays supportive.
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