Buy some : cake #Gate.io Annual Report 2024 #BTC is on a pullback, what's next?##CAKEUSDT $CAKE

Recent Market Activity.
Long Liquidation: $9.9832K at $2.35564
This indicates a strong sell-off in the market, causing long positions to liquidate. The price might face further downside pressure but could also create opportunities for a bounce if buyers step in.
Analysis & Strategy.
Buy Zone:
Range: $2.20 – $2.35
This is an ideal accumulation zone where buying interest might increase. If the price consolidates here, it could signal a potential reversal.
Targets:
Short-Term Target 1: $2.50
If the price recovers, the first resistance level is at $2.50.
Short-Term Target 2: $2.65
Strong momentum could push the price to this level.
Mid-Term Target 3: $2.80 – $3.00
If the market sentiment improves, $CAKE could test this zone.
Stop-Loss:
Level: $2.10
If the price falls below $2.10, it might signal further downside, and exiting the trade could prevent larger losses.
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