CAKE - Watch For This Reversal!
CAKE is showing us some really clear price action and we are approaching a significant level where we are expecting a reversal. We've seen that we previously had a triple bottom from the structure level indicating that It holds a lot of weight.
Trade Idea:
- Watch for price to come back to the structure level ($10 level)
- Once price shows bullish pressure, enter with stops below the structure level
- Targets: 17 - 26 - 44
We may get an early breakout and if we do, enter with stops below the recent lows.
Trade Idea:
- Watch for price to come back to the structure level ($10 level)
- Once price shows bullish pressure, enter with stops below the structure level
- Targets: 17 - 26 - 44
We may get an early breakout and if we do, enter with stops below the recent lows.
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