Hello everyone, let's take a look at the 1D CAKE to BTC chart as you can see the price is moving in the local uptrend channel.
Let's start by setting goals for the near future that we can consider: T1 - 0.0001561 T2 - 0.0001664 T3 - 0.0001768 and T4 - 0.0001915
Now let's move on to the stop loss in case of further market declines: SL1 - 0.0001463 SL2 - 0.0001407 SL3 - 0.0001326 and SL4 - 0.0001225
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and in the MACD indicator we see that the blue line is approaching the red cross from below, which would confirm the upward trend.