CAKE/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 26.6500, 27.6250, 28.1700.
Key Support Levels: 25.2825, 24.1150. 24.0000.
The price on the higher time frame is traded inside a bullish channel formation where higher lows and highs are seen. The price already posted a correction count where we expect after it a further movement to the upside in the same direction of the main trend.
CAKE/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bullish pennant formation to the upside after posting a series of bullish candlestick. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the next key level.
Buy Limit Order @ 25.6300
TP 1 @ 26.6150
TP 2 @ 27.6250
Stop Loss @ 25.3025
Trade Safely 🙂