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 $11 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 20 - 24 - 32
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 11
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 20 - 24 - 32
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 11
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section