CAKE is weakening, so holding CAKE at this time is quite risky as it could lose $7 zone and fall to $5 zone.
However, I think there will be strong buying power to push CAKE back to conquer $7 zone and pump up to $9 and $11 or even higher over the next few days.
๐BUY
-Buy: 6.8-7.2$ if A. SL if B
๐SELL
-Sell: 8.6-9.0$. SL if A
-Sell: 10.5-11$. SL if A
โป๏ธBACK-UP
-Sell: 6.8-7.2$ if B. SL if A
-Buy: 4.75-5.0$. SL if B
โDetails
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
However, I think there will be strong buying power to push CAKE back to conquer $7 zone and pump up to $9 and $11 or even higher over the next few days.
๐BUY
-Buy: 6.8-7.2$ if A. SL if B
๐SELL
-Sell: 8.6-9.0$. SL if A
-Sell: 10.5-11$. SL if A
โป๏ธBACK-UP
-Sell: 6.8-7.2$ if B. SL if A
-Buy: 4.75-5.0$. SL if B
โDetails
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
