$CAKE Long Liquidation Insight!
🔴 Long Liquidation:
$1.8696K at $1.94954
Longs getting liquidated means bulls were overleveraged.
Market needed a reset.
Market Insight:
Price is below key resistance. A base must form before any sustainable bounce.
Next Move:
Sideways or slight downside before recovery
Targets:
TG1: $1.88
TG2: $1.78
TG3: $1.65
Pro Tip:
Wait for confirmation. Catching bottoms is risky.
CAKE
1.956
-2.88%