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PancakeSwap (CAKE) - July 18

BINANCE:CAKEUSD   CAKE
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(CAKEUSD 1W Chart)
If the price holds above the 9.0760290 point, it is expected to maintain an uptrend.

However, since the support section is weak, it is recommended that the price rise above the 16.1961041 point and maintain the price.


(1D chart)
If the price is maintained in the 9.3962999-17.7234416 range, it is expected to turn into an uptrend.

However, if you touch the 9.3962999-10.8786252 section, you have to watch for a sharp rise.

If it falls from the 9.3962999 point, it is expected to enter the mid- to long-term investment area, so you should also think about it.

In order to continue the uptrend, the price must rise above the 20.4991555 point to sustain the price.

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(CAKEBTC 1W chart)
If the price is maintained above the 26870 satoshi-34500 satoshi range, it is expected that the upward trend will continue.


(1D chart)
If the price is maintained in the 40530 Satoshi-53580 Satoshi section, it is expected that the upward trend will continue.

If it falls from the 40530 satoshi point, it can touch the 20950 satoshi-27480 satoshi section, so Stop Loss is required to preserve profit and loss.

However, since you can touch the 26870 Satoshi-34500 Satoshi section and rise, you should also think about preparing for it.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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