CAKE - Good Short Trade

3月16日

#CAKE/USDT #Analysis
Description
---------------------------------------------------------------
+ Cake is showing overall weakness as it recently formed a lower low.
+ There is a good opportunity for short trade as the overall market is looking bearish
+ We can enter a short trade once the price breaks the support.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 4.192
Stop Loss: 4.563
------------------------------
Target 1: 3.958
Target 2: 3.761
Target 3: 3.426
------------------------------
Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo