CAKE-USDT 4h chart ?
Hello everyone, let's look at the 4H CAKE to USDT chart, in this situation we can see how the price is moving in the local upward trend channel, we are again heading towards the upper border of the channel, which with a slight rebound may result in an attempt to exit the current channel at the top.
In such a situation, it is worth moving on to defining goals for the near future that the price must face:
T1 = $2,698
T2 = $2,765
T3 = $2,964
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $2,622
SL2 = $2.56
SL3 = $2,453
SL4 = $2,281
In such a situation, it is worth moving on to defining goals for the near future that the price must face:
T1 = $2,698
T2 = $2,765
T3 = $2,964
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $2,622
SL2 = $2.56
SL3 = $2,453
SL4 = $2,281
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