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BAKE / TETHER Standard Futures

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BAKEUSDT.PS trade ideas

BAKE NEW UPDATE (1D)This analysis is an update of the analysis you see in the "Related publications" section Given the positive news in the crypto market, the diametric scenario and further time-price correction seems to be canceled, and instead of the diametric, we now have a triangle. As long as it maintains the green zone, it can move towards the targets. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
What will happen to BAKE?From the place where we placed the red arrow on the chart, it seems that the BAKE correction has occurred. This correction looks like a diametric as we are now in wave E of this diametric. In the green range, wave E is expected to end and then we enter wave F. We are looking for buy/long positions in the green range. Closing a daily candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Bakery Enters Bullish Zone (3,000% Potential Considered)Some Altcoins trading pairs are definitely stronger than others, and this can be seen only through a chart. See the dynamics we have here and try and notice the huge difference compared to other Altcoins. Bakery has been moving within the bullish zone since December 2023. The lowest level after the Dec. peak happened in April 2024 and the rest of the action until present day has been sideways consolidation, but this is happening above long-term support. The chart depicts a bearish zone and a bullish zone with a neutral space in-between. Notice the two long lower wicks in 2024, in April and July, both quickly reversed from the neutral zone (orange). This is a strong support and can be used for buying. As long as BAKEUSDT trades in the green we are green. If BAKEUSDT moves lower and enters the bearish zone, which is a low probability scenario, this would only be temporary because we are going bullish in late 2024 and ultra-bullish in 2025. What I would like to express is the fact that we are ready to grow and we are looking up and we are ready for the bull-market that has been in the making for so long. Technically speaking, BAKEUSDT is already in bullish territory because there are no new lows since June 2023, that's the end and bottom of the bear-market. The bullish wave in late 2023 was the recovery wave or initial bullish breakout and we will have massive growth in 2025. We have some nice targets on the chart. Without even considering a new All-Time High, growth potential can reach 3,000% (31X) if BAKEUSDT hits $8. You can find other lower targets as well on the chart. Are you ready to hold? Are you ready to buy? Are you ready to wait? Once we buy and hold, the market will take care of the rest. Patience is key. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
2
BAKE ANALYSIS (1D)The past few days, when the whole market dropped, BAKE experienced a slight drop. How BAKE will be Boolean? According to BAKE, it has the ability to rise up to the specified supply range, but in this range, you can look for a sell/short position. tp can be the range of Demand. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
BAKEUSDT.1DThe chart you've shared for BAKE/USDT on the daily timeframe offers a comprehensive analysis of BAKE's price action, highlighting key resistance and support levels and incorporating the MACD and RSI indicators. Here's my detailed analysis: Current Situation Price Level: BAKE is currently trading at $0.3488. Recent Price Action: The chart reveals a volatile but somewhat stabilizing pattern after a steep decline earlier in the year. Support and Resistance Levels Resistance Levels (R1 and R2): R1: $0.4060 R2: $0.5318 Support Levels (S1 and S2): S1: $0.2872 S2: $0.1872 Technical Indicators MACD: The MACD is showing a slight bullish momentum as the signal line is below the MACD line, suggesting potential upward price movement. RSI: The Relative Strength Index is at 58.61, which indicates that the asset is neither overbought nor oversold, offering room for movement in either direction without immediate pressure from overvaluation or undervaluation. Analysis and Conclusion The current market structure for BAKE suggests that the price has been recovering from its previous lows and is now consolidating around a mid-level between its established support and resistance. This indicates a cautious optimism in the market, possibly waiting for further cues to define the direction. Trading Strategy Bullish Scenario: If BAKE sustains upward momentum and breaks through the resistance at $0.4060, it could potentially move towards the higher resistance at $0.5318, indicating a strong buying interest. Bearish Scenario: Should BAKE fail to hold the current level and breaks below $0.2872, it could see further decline towards $0.1872, reflecting increasing selling pressure or lack of buyer interest at higher levels. Final Thoughts As an investor or trader, it's essential to watch how BAKE interacts with these critical levels. A proactive approach would be to set stop losses just below $0.2872 for risk management, and consider taking profits near resistance levels if entering long positions. This analysis should be supplemented with ongoing assessment of market news and overall crypto market trends to adjust strategies accordingly.
by MarsSignals