The CAKEUSDT weekly chart shows that wave (E) has recently concluded, and price is now moving toward wave (F). This wave is expected to reach lower support levels, providing a potential buying opportunity for patient investors.
Monitoring how price reacts at these support zones will be key to identifying the start of a potential recovery phase.
View full chart Free Telegram channel
Rebuying Strategy & Entry Zones 📌
The most strategic point for re-entry into CAKE is near the completion of wave (F). Traders should watch the highlighted support areas closely:
Spot traders can plan accumulation around these levels
Short-term traders can look for lower timeframe confirmations to capture intraday opportunities
This approach allows for flexible trading strategies depending on your timeframe preference.
Lower Timeframe Opportunities 📈
Beyond the weekly chart, the roadmap can be applied to shorter timeframes to exploit price reactions at key zones. Pay attention to volume spikes and candle patterns in the highlighted areas to identify actionable entries.
Traders combining weekly context with lower timeframe setups can maximize efficiency and risk-adjusted returns.
