FALLING WEDGE BREAKOUT ON CAKEBUSD

Dec 24, 2021

Possible long here at CMP or wait for a retracement on CAKEBUSD and then put a long order on CAKEBUSD, price made a breakout on the falling wedge pattern and RSI is above 50 on the 4h candle which also indicates bullish Momentum. If you need more confirmation before entering the trade you can wait until it breaks the 200MA and then enter the trade.

Cheers !!!!