Price: 2.298 | EMA7: 2.04 | EMA25: 2.12 | RSI14: 51.84 | Resistance: 5.243 | Support: 1.05 | Average Volume: 58470888.3 | Volume Trend: Decreasing
Based on the technical analysis of CAKEUSDT at 1w:
- The price is above both EMA7 and EMA25, indicating a bullish trend.
- RSI14 is around 51.84, suggesting a neutral to slightly bullish momentum.
- MACD is negative but close to zero, indicating a potential bullish crossover.
**Long Entry:** Consider entering long around 2.00 - 2.10, near the EMA25 support.
**Stop Loss:** Set below 1.80.
**Short Entry:** Consider shorting near resistance at 5.243.
**Spot Buy:** Best spot buy price would be around 2.00 - 2.10, near the current EMAs.
Keep an eye on volume; a decreasing volume trend may indicate a lack of conviction. Monitor for a surge in volume to confirm the direction.