# spotrading

#CAKEUSDT $CAKE
Analysis of CAKE/USDT – Update June 16, 2025 (Timeframe 4 Hours)
Current price: $2.3209 (-1.84%)
✅ Potential Buy Zone (Entry Spot)
• Buy Area: $2.20 – $2.30
• Strong support: $2.2145 (local low)
• Psychological support: $2.00
🎯 Sell Target (TP Spot)
• TP 1: $2.36 – $2.40 (EMA & nearest resistance)
• TP 2: $2.58 – $2.60 (previous level rejection)
• TP 3: $2.90 – $2.94 (last peak)
🔍 Technical Indicator:
• MACD: still below zero → light bearish signal
• RSI 24: 58.22 → still neutral towards overbought
• Stoch RSI: 0.69 → starting to rise but not overbought
• EMA 5, 1