Hey traders! 👋
#CAKE is currently consolidating within a symmetrical triangle – a classic setup that often precedes a big move! The price action is tightening, and momentum is building. 📈
🔍 What We're Watching:
Pattern: Symmetrical Triangle
Bias: Bullish, with potential for upside breakout
Key Resistance: 2.65
Entry Plan:
We'll wait for a confirmed breakout above resistance, followed by a clean retest of the broken structure. If the retest holds, that’s our cue to go long!
✅ Risk Management: Stop-loss just below the retest zone. Target based on measured move of the triangle.
🧠 Why This Setup Matters:
Triangle breakouts often lead to strong continuation moves, especially in trending markets. If
BTC and the broader altcoin market remain bullish, #CAKE could cook up a nice rally!
💬 Let me know your thoughts! Are you bullish on #CAKE too?
💡 Drop your targets in the comments!
📈 Like & follow for more chart setups and trade ideas.
#CAKEUSDT #CryptoTrading #TriangleBreakout #Altcoins #TradingView #PriceAction #TechnicalAnalysis #BullishBreakout #CryptoSetup #TradersJournal
#CAKE is currently consolidating within a symmetrical triangle – a classic setup that often precedes a big move! The price action is tightening, and momentum is building. 📈
🔍 What We're Watching:
Pattern: Symmetrical Triangle
Bias: Bullish, with potential for upside breakout
Key Resistance: 2.65
Entry Plan:
We'll wait for a confirmed breakout above resistance, followed by a clean retest of the broken structure. If the retest holds, that’s our cue to go long!
✅ Risk Management: Stop-loss just below the retest zone. Target based on measured move of the triangle.
🧠 Why This Setup Matters:
Triangle breakouts often lead to strong continuation moves, especially in trending markets. If
BTC and the broader altcoin market remain bullish, #CAKE could cook up a nice rally!💬 Let me know your thoughts! Are you bullish on #CAKE too?
💡 Drop your targets in the comments!
📈 Like & follow for more chart setups and trade ideas.
#CAKEUSDT #CryptoTrading #TriangleBreakout #Altcoins #TradingView #PriceAction #TechnicalAnalysis #BullishBreakout #CryptoSetup #TradersJournal
Trade ist aktiv
Trade is active, CAKE is break the resistance level and also retest the resistance. that is the confirmation of the bullish move. Anmerkung
Cake is break the entry level and also close a day candle above the entry price. so this is the bullish signed. Anmerkung
1st TP Hit, move ur SL on Break even point. and wait for final TP. Anmerkung
Trade is in profit move ur SL at 3.133, and wait for final TP. Trade geschlossen: Ziel wurde erreicht
Both TPs Hit. enjoy everyone!
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.