CAKE is one of the names on this board that immediately catches attention. Price is around 2.17 and the 24 hour change is already showing a strong 6.46 percent gain.
This is exactly where excitement starts entering the market, but this is also where discipline becomes even more important. A strong green move can attract late buyers, yet the real question is whether CAKE can maintain that momentum after the first wave of buying.
I am watching for rising volume behind the move. If volume continues expanding and price holds above the breakout region, it can suggest that buyers are not finished. I am also watching for large wallet activity around pullbacks. If bigger players defend support instead of allowing price to collapse, the structure becomes significantly more interesting.
The estimated support zone is around 2.05 to 2.12. As long as that region remains protected, the bullish momentum remains active.
EP 2.14 to 2.19
TP 2.30
TP 2.48
TP 2.65
SL 2.02
CAKE has momentum, but momentum must be respected. I would rather see a controlled pullback followed by renewed buying than chase an extended candle.
If volume keeps building, this could become one of the names worth watching closely.
I am ready for the move.
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