CAKE is moving sideways around 11.5$ zone and with the support of MA50 line of 8H timeframe so we can expect a recovery from here to 14$ zone in the next few days.

14$ zone is very important and a selling force may be exist here to dump it to 7$ zone. But if CAKE conquers this zone successfully, CAKE will move up to 19$ zone easily

📈BUY

-Buy: 11.2-11.8$. SL if B

-Buy: 13.7-14.3$ if A. SL if B

📉SELL

-Sell: 13.7-14.3$. SL if A

-Sell: 18.5-19.5$. SL if A

♻️BACK-UP

-Sell: 11.2-11.8$ if B. SL if A

-Buy: 6.7-7.3$. SL if B

❓Details

Condition A : "If 8H candle closes ABOVE this zone"

Condition B : "If 8H candle closes BELOW this zone"

📊View Idea on TradingView

♻️Previous Analysis (14/2)