PancakeSwap [CAKE] slides beneath range lows, but can buyers snipe an entry?

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The market structure was firmly bearish following the loss of the lower timeframe CAKE range. A bullish order block could see a trend reversal, but bulls will need to wait. Bitcoin regained the $17k mark […]

The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceA bullish order block could see a trend reversal, but bulls will need to wait.

To the south, $3.7 and $3.61 are levels of significance. Therefore, these are levels where short sellers from the past couple of days can look to take profits. Since the lower-term timeframe market structure was strongly bearish, it was a risky idea to look for buying opportunities at $3.7 and $3.6.

 

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