BAKEUSDT.PS trade ideas
BAKEUSDT: Patience is keySo far I haven’t seen any reason to sell if your holding. The 6.3 support generally seems like a good support for price action to bounce off of but for ME there’s one small problem. This might not be a problem with other traders but it is for me. Although price action is hanging around the horizontal line of support, it has managed to close below it. Although that didn’t trigger any sell offs which indicates that my support is still valid, I want a clean support. One without any rough edges. So I’m gonna use the 50 SMA below as my new area of support. If you wanna trade this I’ll advice to place your stop loss below the 50 SMA and wait till the price action gets close enough to the SMA that if you get stopped out the loss will be little and for those hodling or trading spot, I’ll give you the same advice you may have heard elsewhere... BUY THE DIP
bakeUsdt #90 coin market cap rankthis is not pro idea pls first check others IDEA :::|))))
in correction time and come donw too protection on :6.3989
sec protection is have chanse come on this and buy time is : 5.8971
resisdance is :
6.9600
and targets is :
7.8292
9.1081
11.0376
GOAL IS :
14.0676
GL
Harmonic PatternHarmonic patterns are important tools at the trader's arsenal. It takes time to spot them on the chart but once you get the hang of them, they'll become your favorite tool.
we have couple harmonic patterns which you can look them up on google by a simple search.
For this particular chart we happen to have a Bearish Harmonic pattern which has worked out perfectly and since point D of the pattern price has been declining. we can expect the price to dip down more.
In addition to harmonic pattern found on the chart we had a great hidden bearish divergence at point D, along with candle confirmation we could've enjoy a nice ride.
#BAKE #BAKEUSDTBake has been undervalued for while, not until the resent time will saw over +300% increase,
after this it has been on a retracement at around $5.1 to $6.0..
It has been observed that its has a strong market structre.
Though i am waiting for a strong breakout on 4H time frame.
pickup as price keeps respecting the EMA. .
Entry: $5.8
Take Profit 1: $6.55
Take Profit 2: $7.2
Stop Loss: $7.9