CAKE - Bottoming Out! ⚡️

٢٠ يناير ٢٠٢٢

In our last analysis, we were waiting for price to reach the $10 level. We are now there and looking for bullish price action to indicate reversal. We can see that we're in a wedge pattern and looking for a break out of the wedge for confirmation.

Trade Idea:
- Risk entry = bounce off double bottom
- Safe entry = wait for wedge breakout and then enter
- stops below the lows
- Targets: 17, 26, 44

Goodluck!