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#$AKE Today’s directional trading reference for CAKE
Aggressive long: Enter around 0.00176–0.0018. Stop loss at 0.0017. Take profit looks to be above 0.0020.
Conservative long: Enter on a pullback; if it doesn’t break 0.0016, open a position. Take profit around 0.0025; stop loss at 0.0015.
Right now, the market maker is repeatedly shaking the market. There are too many people looking to short—wait for an opportunity. The market maker hasn’t distributed yet, so it’s mainly low longs. Keep your ammo.
Focus on conservative trading—secure the profits in hand. Don’t chase pumps or panic-sell.