CAKE/BUSD Support and Resistance Zones

2 במרץ 2021

Cake has been performing well due to it's availability to farm, yield and earn steady(relatively) income. But in my opinion, right now it's not at the buying zone because it is kind of overvalued but yet, if you want to join to the trend, the possible buying zone is drawn on the chart with green circle, I reccommend buying %50 percent at that support level, if broken, then %50 more at the second and most important support level around $5 - $6