Is it the right time to buy CAKE ?
I AM ALWAYS ASKING MY SELF , WHY PEOPLE LOSE MONEY IN TRADING ?
Look at the chart and you will know the answer .
Just follow the rules and NEVER follow your heart and feelings , then you will NEVER lose your money again in trading .
On chart we see 5 weekly candles closed under the resistance 20 $ which means that bearish pattern is more close than bullish pattern .
But rules must be obeyed .!
So, if we close weekly or monthly candle above 23$ that will be a good sign to go Bullish .
Targets UP and Down are marked in blue colors .
Stop loss : close under 16.8$
Good luck for all.
Look at the chart and you will know the answer .
Just follow the rules and NEVER follow your heart and feelings , then you will NEVER lose your money again in trading .
On chart we see 5 weekly candles closed under the resistance 20 $ which means that bearish pattern is more close than bullish pattern .
But rules must be obeyed .!
So, if we close weekly or monthly candle above 23$ that will be a good sign to go Bullish .
Targets UP and Down are marked in blue colors .
Stop loss : close under 16.8$
Good luck for all.
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