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$CAKE is compressing within a symmetrical triangle on the 4H chart, with price bouncing strongly from the rising trendline support. Momentum is improving as bulls push to reclaim the 9 EMA.
A decisive breakout above the triangle resistance would confirm bullish continuation and could open the door for the next move higher. Until confirmation, stay patient and monitor for higher lows and a high-volume breakout before considering an entry.
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