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Look at this chart... CAKE is finally waking up lol.
I’ve been watching this for a bit and honestly, the way it just blasted through that resistance is kind of wild. It’s looking super strong right now, basically screaming "buy me" with those big green candles on the 4h. The buyers are definitely in the driver's seat today.
Anyway, I'm jumping in. Here is what I’m thinking for the setup:
### **My $CAKE Long Idea** 🍰
* **Where I'm getting in:** $1.45 - $1.48 (if it dips back a tiny bit, even better)
* **Where I'm out if I'm wrong:** $1.40 (keeping it tight)
* **Where I'm taking profits:**
* **TP1:** $1.52 (almost there actually)
* **TP2:** $1.58
* **TP3:** $1.65 (the dream target)
### **Why I like it?**
To be honest, it's just a clean breakout. We’ve been stuck for a while and now that it's above that old ceiling, it feels like there is plenty of room to run. The momentum is just... there.
Not financial advice of course! just sharing what I'm doing with my own bag. Let’s see if we can get some of that "pancake" money today haha.
**Anyone else riding this pump or just me?**
$CAKE