ðPancakeSwap/BUSD Analysis (27/2) #CAKE $CAKE
CAKE is moving sideways around 11.5$ zone and with the support of MA50 line of 8H timeframe so we can expect a recovery from here to 14$ zone in the next few days.
14$ zone is very important and a selling force may be exist here to dump it to 7$ zone. But if CAKE conquers this zone successfully, CAKE will move up to 19$ zone easily
ðBUY
-Buy: 11.2-11.8$. SL if B
-Buy: 13.7-14.3$ if A. SL if B
ðSELL
-Sell: 13.7-14.3$. SL if A
-Sell: 18.5-19.5$. SL if A
âŧïļBACK-UP
-Sell: 11.2-11.8$ if B. SL if A
-Buy: 6.7-7.3$. SL if B
âDetails
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
14$ zone is very important and a selling force may be exist here to dump it to 7$ zone. But if CAKE conquers this zone successfully, CAKE will move up to 19$ zone easily
ðBUY
-Buy: 11.2-11.8$. SL if B
-Buy: 13.7-14.3$ if A. SL if B
ðSELL
-Sell: 13.7-14.3$. SL if A
-Sell: 18.5-19.5$. SL if A
âŧïļBACK-UP
-Sell: 11.2-11.8$ if B. SL if A
-Buy: 6.7-7.3$. SL if B
âDetails
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
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