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HiHoCrypto

CAKEUSDT LONG

Long
CAKE / TetherUS (BINANCE:CAKEUSDT)  
HiHoCrypto Updated   
BINANCE:CAKEUSDT   CAKE / TetherUS
Trend Analysis Chart Patterns Technical Indicators Technical Analysis Cryptocurrency cakeusdt
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trendanalysis chartpattern indicator technicalanalysis cryptocurrency cakeusdt
16.1 Buy
17.2 Take Profit - reassess
Stop Loss 15.6

Comment:
Well done if you jumped on board here.

BTC has its horns out so gains have been across the board for most alts.

From here - it will test resistance at around 17.50 If BTC keeps gaining it should break resistance and could puh to 22.00. I'd look to take profit between 20.00 - 22.00

I'm confident support has been established at 16.00.

A stop-loss around 15.3 should allow enough wriggle room to obtain take profit.
Trade active:
Trailed stop loss - very smooth

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