#BAKEUSDT shows correction signals

📉 SHORT $BYBIT:BAKEUSDT.P from $0.2670
🛡 Stop Loss: $0.2834

⏱ 15M Timeframe

✅ Overview:
➡️ $BYBIT:BAKEUSDT.P experienced a sharp upward spike, reaching $0.2834, but was followed by a strong decline, indicating profit-taking from major players.
➡️ POC (Point of Control) at $0.2837 shows a high-liquidity area where most trading volume occurred, suggesting a possible resistance zone.
➡️ The $0.2670 level currently acts as short-term support, but a confirmed breakdown could trigger further downside.
➡️ The chart structure signals a potential correction after this steep rally, making short positions at these levels attractive.

⚡ Plan:
➡️ Enter short after confirming a breakdown below $0.2670.
➡️ Risk management through Stop-Loss at $0.2834, placed above the liquidity zone.

Targets:
💎 TP 1: $0.2585
🔥 TP 2: $0.2452
⚡ TP 3: $0.2310

🚀 $BYBIT:BAKEUSDT.P shows correction signals — expecting further downside!

📢 $BYBIT:BAKEUSDT.P saw a vertical spike, but the lack of strong buying interest at higher levels suggests potential profit-taking.
📢 If $0.2670 breaks downward, we could see continued selling pressure towards $0.2310.
📢 However, a breakout above $0.2834 could change the scenario, so risk management is crucial.