🤖 AI Insight

Based on the 1h CAKEUSDT analysis:

For a **Long Position**, a good entry could be around 2.40 (a slight dip below current support) or upon a strong bounce from 2.306.
For a **Short Position**, consider entry around 2.55 or upon a break below 2.623 and then a retest failing to break above it.

**Spot Buy**: A good spot buy could be around 2.30-2.35 if it dips to that level, offering a better risk-reward ratio.

Keep an eye on volume and RSI for confirmation. Decreasing volume and RSI near 40 might indicate a potential reversal or consolidation.