Trading suggestion:
“. There is a possibility of temporary retracement to the suggested support line (6.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.”

Technical analysis:
. CAKEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.

Take Profits:
TP1= @ 7.24
TP2= @ 7.72
TP3= @ 8.59
TP4= @ 9.99
TP5= @ 11.11

SL= Break below S2

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