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March 1, 2026
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CAKEUSD

CAKEUSD

CAKEUSD

CAKEUSD

CAKE / US Dollar (calculated by TradingView) BINANCE:CAKEUSD
mohamadmajani


CAKEUSD

CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we completed the C wave recently.

We are now in bullish territory and looking for any opportunities to go long. We have a nice correction forming now and all we need to do is wait for a breakout and enter.

Trade Idea:
– Watch for breakout of the descending trendline
– enter with stops below the structure
– Targets: 17, 26, long term target 40

It is possible we may come back to test the structure to create a double bottom before moving so just be wary of that.

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