🍰👀
$CAKE is trying to wake up on the 15m chart, trading near $1.33 after defending a key demand zone.
🔍 Quick Chart Read:
Price bounced from $1.325 support
Still below MA20 & MA50 → trend remains weak
Volume spike on the latest candle = buyers testing in
📈 Bullish Case:
If CAKE breaks and holds above $1.345, a quick move toward
👉 $1.36 – $1.38 is possible
📉 Bearish Case:
If rejection continues and $1.325 fails, price may slide to
👉 $1.30 – $1.28
💡 Trader Take:
This looks like a dead-cat bounce unless bulls reclaim the moving averages. Best play is to wait for confirmation, not chase.
⚠️ Volatility can flip fast — manage risk.
Is CAKE cooking a real reversal or just teasing? 👇🔥
CAKEUSDT
Perp
1.2831
-1.33%