Cake High Probability Short-Term target - CFA Qualified Analyst

7 Jun 2022

CAKEUSDT

This short term goal should be achievable within 1-3 months. I would suggest having 50% TP at $5.33, a 21.5% gain that should happen in less than a month. You can put another 50% of remaining amount at $8.33 as next target, or 100% of remaining amount which I strongly recommend because price will be pulled back and you can re-enter.
Summary:
1. Entry below $4.5
Target 1: $5.33
Target 2: $8.33

P/S: I am part-qualified CFA holders and have been testing my trading strategy since 2017 from which I have been making decent profits, I don't do this for money or anything but to pass my knowledge to anyone who wishes to learn. Trade safe and stay positive.

The Friendly Analyst