CAKE has a strong support at $16 and it could rally to $18 and $20 within the next few days. The $20 zone is a very important resistance zone, if it can break through it it can continue to rally strongly towards the $24 and $32 zones. But if it loses the $16 zone, we might consider buying back the $14 and $11 zone
đRED PLAN
â»ïžCondition : If 1-Day closes ABOVE 16$ zone
đŽBuy : 16
đŽSell : 18 - 20 - 24 - 32
đBLUE PLAN
â»ïžCondition : If 1-Day closes BELOW 16$ zone
đ”Sell : 16
đ”Buy : 14 - 11
âDetails
đ«Stoploss for Long : 10%
đ«Stoploss for Short : 5%
đRed Arrow : Main Direction as RED PLAN
đBlue Arrow : Back-Up Direction as BLUE PLAN
đ©Green zone : Support zone as BUY section
đ„Red zone : Resistance zone as SELL section
đRED PLAN
â»ïžCondition : If 1-Day closes ABOVE 16$ zone
đŽBuy : 16
đŽSell : 18 - 20 - 24 - 32
đBLUE PLAN
â»ïžCondition : If 1-Day closes BELOW 16$ zone
đ”Sell : 16
đ”Buy : 14 - 11
âDetails
đ«Stoploss for Long : 10%
đ«Stoploss for Short : 5%
đRed Arrow : Main Direction as RED PLAN
đBlue Arrow : Back-Up Direction as BLUE PLAN
đ©Green zone : Support zone as BUY section
đ„Red zone : Resistance zone as SELL section