BAKEUSDT.PS trade ideas
BAKE at resistance - shortIt looks like there is no going up for BAKE - currently at resistance with bearish divergence on the rsi on all timeframes.
As always btc is the lead dog, so before placing trades it would be good to confirm btc price movement as it seems to consolidate around resistance level.
Due to the above bake is a nice candidate for a short entry, but fakeouts are in play.
BAKE is prepare for next big moveHello trader in this idea i wanna to talk about BAKE because already BAKE is very low and it's seems good , however let's talk about the chart :
in the daily chart you can see already price is down about 75% from ATH ; and it's very likely to see price rise from this level but why ?
you can in the chart price start to rise exactly from 0.786 fib level and also price is in the channel , but what we can expect from here .
if you want to opening long position you can put your stop loss below the 0.786 but in my opinion wait for daily closure below the 0.786 and also below the channel but be aware about traps.!
so what's about the price targets ?
this is my price target , personally sell 50% of my BAKE at the first take profit area , but if you want to be more conservative you can also take some profit at 0.618 and .0786 also .
BAKEUsdt more dump and rdy for upthis analyse for bakerySwap Hodler and you can wait little more and gotthis targets Bake is active and work good can be going up every time btc fall bake so dump but little BTC can save position can going up
this is not fats pump but have good chanse for HODL and Got more profit
atlast this coin is good but for pump little need wait
this coin have good space for move up
GL
Supports:
1.911 >>> EntryPoint
1.802
1.647
1.364
Resistance:
2.119
2.190
Targets:
2.470
2.723
3.001
3.447
4.113
5.148
5.789
6.849
9.388
For HODL:
11.748
15.632
GL