🔥 CAKE Potential Horizontal Channel Bounce

Crypto is currently seeing a rather big sell-off. We've currently lost virtually all of yesterday's gains. For bulls, this might be a great time to buy in again in case the market will resume the move upwards in the near future.

CAKE is currently trading at the support of the horizontal channel, this might be a great time to trade the bounce. Don't enter the trade just yet, wait for confirmation of reversal. I'm looking at the $13 area for a potential bounce.

Always keep an eye on BTC when trading alts. Happy trading!