Mock Up Price Action for CAKE | Mid Term (12HR)

Mock Up Price Action for CAKEUSDT | Mid Term (12HR)
- Watching and waiting for opportunity to enter short

Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Chart PatternsTechnical IndicatorsTrend Analysis

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