Bake dump scenario #Bake , in 1hr time frame red trendline is broken which makes bake Bearish. By following blue arrow, price will go down to the red trendline then it will form a head n shoulder pattern. If that head n shoulder pattern break downs then price will go more down to the bottom red trendline.
All this analysis will become invalid if bake price goes above the black line.
BAKEUSDT.PS trade ideas
short bake## Risk & Management
- 1% capital per trade.
- Move SL to breakeven at 1:1R
## Points of Interest
- Order blocks
- Major liquidity grab
## Framework
- On the 4H timeframe, gauge overall bias & locate major points of interest.
- When price enters a point of interest, drop down to the 15M or 5M timeframe.
- Wait patiently for price to purge liquidity within the point of interest.
- Wait for price to impulsively break structure & create imbalance.
- Enter at the order block responsible for the break of structure.
## Entries
- The OB caused a BOS.
- The OB is the extreme zone.
- The OB created clear imbalance.
- Liquidity has been clearly Identified.
BAKEUSDT is testing the supportSupport Test After Head and Shoulders: The present market condition involves BAKEUSDT testing the support around the $0.1 area following the formation of a clear head and shoulders pattern. This pattern is recognized by three peaks, with the middle peak (the "head") higher than the two surrounding peaks (the "shoulders"). It typically suggests a potential trend reversal.
Potential Support Loss: There's a possibility that the price might decline below the $0.1 area. In such a scenario, in line with Plancton's Rules, the price could subsequently revisit the $0.9 area.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Bake is Ready For BakingHere is My Study on Bake.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
BAKEUSDT overcame an important resistance levelHello everyone! The next direct coin is BAKEUSDT. Most recently, she showed an increase of 30% in a few days after several months of walking in the range. And it broke through an important level of 0.12. After that, the price immediately left to test this level. But the slogan mood of the coin is already noticeable, so I think that the price is still going to the upper border of the channel in the area of 0.144
Bake Latest Update Bakeusdt
Bakeusdt has reached a resistance level on the daily chart. It's facing strong resistance due to horizontal and bearish pennant breakdown levels. A potential drop of 15-25% is possible in the short term.
Remember, this is only an idea. Research before deciding.
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Happy trading!"
$BAKE LONG PositionFor 1 week $Bake has been performing well. Good volume with the #PunkX project that will take place on the #Base network and many new developments. In line with the positive developments regarding the upcoming Bull Run and Bake, I think the loading trend will continue. I see the 0.094 - 0.089 range as a good buy place.
Although the mood is positive, the PunkX sale will take place tomorrow. After the sale, a quick sale may come. Those who want to trade should definitely not trade without StopLoss.
*Not Investment Advice.
Bake possible short or longBake was in a trend that points to new lows.
But suddenly today BAKE resurrected from below the lower range up to mid-range.
We have to watch the daily close closely. If it closes below the trendline new lows coming.
If it is close upper, maybe we can long that to mid-range or range high.
BAKEUSDTBAKEUSDT recently has given the enormous breakout from descending channel and make 26% move to upside. Currently the price has retraced a bit, which is good thing for another move up,.
Price is trading at support zone and it is being expect that bulls will ride this thing again for another minimum 15% move.
What you guys think of this idea ?
$BAKE LONGHello, something is cooking in the Bake kitchen, there is new exciting news. We are currently re-evaluating the monthly support level, which presents an intriguing prospect. Observing the chart, I have identified a descending wedge pattern, indicating a bullish trend. Consequently, I intend to initiate a long position at approximately 0.082 levels.
$BAKEThe "Bake Token Elliott Triple Combo Wave Uptrend" refers to a specific pattern observed in the price movement of the Bake Token cryptocurrency. The term "Elliott" pertains to the Elliott Wave Theory, a technical analysis approach used to predict market trends.
In this case, the pattern identified is a "Triple Combo Wave," which suggests that the price of Bake Token has experienced three corrective waves within an overall uptrend. These corrective waves often follow a predictable pattern, consisting of three sub-waves labeled as A, B, and C.
The price range mentioned, from 0.095 to 0.11, likely represents the expected range in which the price of Bake Token will fluctuate within this Elliott Triple Combo Wave uptrend. It indicates that the price is forecasted to rise from the lower end at 0.095 to the higher end at 0.11.
However, it's important to note that financial markets are highly unpredictable, and this description is based on hypothetical analysis. It's always advisable to conduct thorough research and seek professional advice before making any investment decisions.
BAKEUSDT POSSIBLE REACTION PLACEAs you can see in the graph, BAKE has risen above the 17-day resistance, but usually crypto coins touch or approach the resistance once after breaking a resistance and continue to go up, so if it comes to the place I marked in red, I will short from there and sell profits in the green box.
DEFINITELY NOT INVESTMENT ADVICE!!!
BAKE BUY H1Hello!
To long this cryptocurrency, it's better to identify a suitable range that has the value of taking the risk. You have identified two patterns for going long on this asset, and you give a higher probability of going long in the first base.
Without having any additional information about this asset and the identified patterns, I cannot provide an opinion on the level of risk and profitability of these decisions. However, considering technical analysis and identifying suitable ranges, you can make a decision to long this asset.
Wishing you success and profitability.