CAKE is not the coin to buy right now.

CAKE has be following the Fibonacci for a long time now, currently in a downtrend. It bounced back from the 0.618 level on Fibonacci retracement. Wait for it to break out from any side before buying or shorting.
Beyond Technical AnalysisCAKEcakeusdtChart PatternsCryptocurrencyfibonacciresistanceTrend Analysis

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