BAKE ready to restart the uptrend

6 Jan

hi traders,

Let's have a look at BAKEUSDT on the monthly time frame.
To be honest, there are not many altcoins that look as good as BAKE on the monthly.
Multiple months of the reaccumulation.
Support holds strong.
I can't see it to fail.

First target: 0,90
Second target: 1,62

BAKE is a low market-cap altcoin so I won't be surprised if the pump is fast and after that we will get a deep pullback again.

Good luck

6 hari lalu

Dagangan ditutup: hentian tercapai

Stop loss was reached.
Today Binance extended monitoring tag to include BAKE.
With this move, I don't see a bright future for BAKE.
It's retesting the key support. I expect it to break it soon.