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#CAKEUSDT — Sharp Drop or Reversal? Here's the Most Likely Scenario 📉🤔
On the daily timeframe, the trend remains bearish. The price has shown several failed reversal signals, each followed by another collapse.
Currently, #CAKE is oscillating within a flag pattern after a strong sell-off. This pattern is neutral — it could turn into a reversal or continuation, depending on the breakout or breakdown.
However, given the ongoing daily downtrend, a sharp decline remains the most likely scenario 📉
Before making a buy or sell decision, be patient and wait for confirmation ⏳
$CAKE