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$CAKE sitting pretty at 2.326 right now. Daily chart's telling an interesting story—we're basically at a fork in the road here.
Two scenarios playing out: either we push through resistance and make a run toward that 4.000 level, or we see a pullback to 1.500 before catching a bid.
Technicals lean bullish though. Chart's printing higher lows, and price keeps bouncing off support. Structure looks clean. That rejection at the lower range? Classic sign buyers are stepping in.
Key thing to watch: can we hold above current levels or do we retest downside first.