💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwap

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CAKEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75.

Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11

SL= Break below S2

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Trade active:

164.16% profit...
Total Profit: 164.16%
Closed trade(s): 116.72% Profit
Open trade(s): 47.44% Profit

Update Details:

Closed Profit:
TP1 @ 7.24 touched at 03.25.2022 with 11.47% Profit.
TP2 @ 7.72 touched at 03.27.2022 with 18.85% Profit.
TP3 @ 8.59 touched at 03.29.2022 with 32.29% Profit.
TP4 @ 9.99 touched at 04.04.2022 with 54.11% Profit.

11.47% + 18.85% + 32.29% + 54.11% = 116.72%

Open Profit:
Profit for one trade is 9.59 (current price) - 6.50 (open price) = 47.44%
1 trade(s) still open, therefore total profit for open trade(s) is 47.44%x 1 = 47.44%
All SLs moved to Break-even point.

Take Profit:

TP5= @ 11.11