Pancake Swap (CAKE): Looking For Breakout | Bullish Triangle

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Pancake looks good for long here, where we are at the last pressure point in that triangle pattern, which is hinting to an upcoming volatile breakout (or even breakdown, who knows).

Either way, based on the overall market status currently, we are looking more for the bullish breakout here, which would then need to be confirmed with a proper retest on smaller timeframes, which then again would give us a good opportunity for a long position!

Swallow Academy

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