💎Keep a close watch as #BAKE eyes that resistance level 💎 Paradisers, #BAKE has formed a 'W' pattern after taking liquidity by breaking below previous swings and then rebounding, indicating potential trapped sell positions with stop losses above the resistance area.
💎 If #BAKEUSDT breaks out above the resistance level, we can expect a bullish move as it triggers the stop losses of sellers, potentially leading up to the next resistance levels. Remember, we need a confirmed candle close and bullish signs for confirmation.
💎 In the case of a pullback, if the price starts showing bullish signs from the support level, we could potentially see a triple bottom, increasing the likelihood of a bullish move. However, it would be prudent to look for a Change of Character (CHoCH) and a Break of Structure (BOS) on lower timeframes for confirmation.
💎 However, if the price breaks down below the support level, it will invalidate the bullish signals. In this case, it's better to disregard this analysis and wait for more favorable price action to develop.
Bakeusdt
💡Don't miss the great buy opportunity in BAKEUSDTTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.003).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BAKEUSDT 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 69.
Take Profits:
TP1= @ 2.370
TP2= @ 2.545
TP3= @ 2.787
TP4= @ 3.091
TP5= @ 3.290
SL= Break below S2
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Bake to the moon ! Lets goooooooooo Bake is looking very strong . Bake is a Binance smart chain based exchange token of BakerySwap where you can buy and sell NFT. NFT is huge they are having NFT of music creators like snoopdog and other which is very bullish!........... As you can see on the chart we are in a falling wedge which is bullish ! and now we have a green buy signal also on the z wave indicator also. good for long term and short term ! buy $bake
Bakeusdt Bigger picture Breakout MondayHello guys Ayush once again ! i didn't took profit and yesterday but i increased my position for the bigger breakout! Watch the chart carefully follow me back if you liked my chart. Guys #bake is a nice token NFT is the future. Just like cake bake will be a huge success.