Cake bullish play short term set up
Strong support at $5.00 because 80% drop from B wave top down to C wave, would expect a relief rally at least to $13 and up to $16 corresponding to fibonacci levels between 40-50% conservative as per previous B wave high.
- if you have been buying from $10 and down, stake and wait to take profits- I would only take 20-30% with possible retest lower, but preparing for any major bullish change.
- if you have been buying from $10 and down, stake and wait to take profits- I would only take 20-30% with possible retest lower, but preparing for any major bullish change.
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