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 $11 zone
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 16$ zone
ðīBuy : 16
ðīSell : 18 - 20 - 24 - 32
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 16$ zone
ðĩSell : 16
ðĩBuy : 14 - 11
âDetails
ðŦStoploss for Long : 10%
ðŦStoploss for Short : 5%
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 16$ zone
ðīBuy : 16
ðīSell : 18 - 20 - 24 - 32
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 16$ zone
ðĩSell : 16
ðĩBuy : 14 - 11
âDetails
ðŦStoploss for Long : 10%
ðŦStoploss for Short : 5%
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section