After the huge reversal mid-August, CAKE was one of the biggest gainers for over a month.
However, the $26 resistance seemed too hard for the moment, which led to a minor sell-off.
With the crypto market seeing huge returns as we speak, CAKE is well on its way to receover from the prior bearish move.
I'm waiting for CAKE to close the day above $26 before entering a trade. Target would be $30 for the upcoming move.
Happy trading!
However, the $26 resistance seemed too hard for the moment, which led to a minor sell-off.
With the crypto market seeing huge returns as we speak, CAKE is well on its way to receover from the prior bearish move.
I'm waiting for CAKE to close the day above $26 before entering a trade. Target would be $30 for the upcoming move.
Happy trading!
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