PancakeSwap Easy 22% Jump Explained!

26 jun 2022

We are looking at CAKEBTC (PancakeSwap) and we can easily see a bullish move developing.

Notice how the 16-March low led to a move that was rejected at MA200.

Now, we have a new low 12-May which will be followed by another test of the MA200 resistance at 0.0001910.

That's a 22% price jump from the current price.

The stop-loss can be set right below EMA21/EMA10 (manual).

This is not fiancial advice.

We will track this one.

Namaste.