CAKE has a strong support at $16 and it could rally to $18 and $20 within the next few days. The $20 zone is a very important resistance zone, if it can break through it it can continue to rally strongly towards the $24 and $32 zones. But if it loses the $16 zone, we might consider buying back the $14 and $11 zone
๐RED PLAN
โป๏ธCondition : If 1-Day closes ABOVE 16$ zone
๐ดBuy : 16
๐ดSell : 18 - 20 - 24 - 32
๐BLUE PLAN
โป๏ธCondition : If 1-Day closes BELOW 16$ zone
๐ตSell : 16
๐ตBuy : 14 - 11
โDetails
๐ซStoploss for Long : 10%
๐ซStoploss for Short : 5%
๐Red Arrow : Main Direction as RED PLAN
๐Blue Arrow : Back-Up Direction as BLUE PLAN
๐ฉGreen zone : Support zone as BUY section
๐ฅRed zone : Resistance zone as SELL section
๐RED PLAN
โป๏ธCondition : If 1-Day closes ABOVE 16$ zone
๐ดBuy : 16
๐ดSell : 18 - 20 - 24 - 32
๐BLUE PLAN
โป๏ธCondition : If 1-Day closes BELOW 16$ zone
๐ตSell : 16
๐ตBuy : 14 - 11
โDetails
๐ซStoploss for Long : 10%
๐ซStoploss for Short : 5%
๐Red Arrow : Main Direction as RED PLAN
๐Blue Arrow : Back-Up Direction as BLUE PLAN
๐ฉGreen zone : Support zone as BUY section
๐ฅRed zone : Resistance zone as SELL section