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I'm watching CAKE and see an interesting long idea. The price just bounced off 1.270 and the MA(7) crossed above the MA(25), so the momentum looks bullish. If it stays above 1.28, I should enter at 1.285–1.290 and target 1.305 and then 1.318. I would place a stop loss below 1.272.
On the other hand, when the price approaches 1.305–1.310, there is strong resistance around MA99 and 1.31–1.32. If the price hits there, I might try a short position with targets at 1.290 and 1.275, with a stop loss above 1.322.
Currently, CAKE is at 1.50 and has fallen 3% in 24 hours. Interesting to see how this develops. The long idea still looks more promising if support holds.