🥞 PancakeSwap（$CAKE ）Market Observation
Just now, there was a strong long liquidation in the market at $1.307 (around $2.35K), and the low liquidity has been cleared, making the chips cleaner.
From a technical structure perspective, CAKE still maintains a bullish pattern, and the key is whether it can hold the support below and break through the resistance above.
🔻 Support Area
$2.02 —— Currently the most critical bottom support
$1.80 —— If a deep pullback occurs, this is the second line of defense
📈 Resistance / Target Area
$2.90 – $3.05 —— The current “BOSS level”
$4.00 / $5.00 —— Mid-term advancement target
$7.50 —— Long-term target after a major structure breakout
🎯 Key Points of Movement
👉 Upward: As long as it effectively breaks through $2.9–$3.05, the upper space will be quickly opened, looking at $4 first, then $5
👉 Downward: $2.0 must be held; otherwise, it is easy to test lower support again
🥞 One-sentence summary:
“The next BOSS for CAKE is $2.9 —— If we take it down, the $5 party will start; if we fail, we have to go back to level up.”
Rationally follow the structure, don’t chase emotions; the market always rewards those who are patient.
