BAKEUSDT trade ideas
Bake Long ScalpAdded to longs with tight stoploss.
Expecting a strong rejection from the local support area.
Entered 0.3265.
Stoploss clean breaking below the area around 3230.
Note: Not a Financial Advise.
Bake is about to wake up. 1$This is about to reject sooner and go for the highs.
Bake here is on good price(under 0.3) to build Spot position targeting 1$.
Note: Not a Financial Advise.
$ BAKE | How do I expect to see BAKE in coming weeksBINANCE:BAKEUSDT
Here with another speculation about crypto assets. This time Bakery token with BAKE ticker. Let’s take a look at the project’s information:
Bakery swap is one the DEXes that is active on Ethereum, Base and Binance smart chain and covers token swaps, NFT swaps, pools. Tbh, I couldn’t find any advantages for bakery swap over other DEXes. But the technical perspective makes this token interesting.
$ BAKE
Market Cap: $ 114 m
Market Cap Rank: 479
Market Price: 0.396 $
ATH: $ 8 (-95%)
ATL: $ 0.007 (+5435%)
Technical highlights:
- W1:
Trend: (I believe in channels!)
Price has been in a descending channel for most of its crypto life, but things have changed since last week. The day that the price managed to break the upper bond of its descending channel after 3 time rejection. Currently, with one day left until the weekly candle close, the chart is printing 3 white soldiers. Let's keep this as a positive point for possible uptrend continuation and move for the next hints.
Dec 2023 price made a local high and Nov 2024 was the higher low of this trend.
Price bounced several times from $0.21 to $0.26 to prove it as a good support/demand zone. Not to mention that the first higher low in W1 printed by bouncing from that support.
MA: Price holding above MA20 and A50. In the weekly time frame, MA50 at 0.315 can act as support but since it’s never been tested after breaking, so I cannot rely on that just yet. On the other hand, in the daily time frame, MA20, 50, and 200 are located at almost the same price ($0.28 to $0.32). Now this area gets more interesting to me for possible S/R test level.
RSI: The value is around 62 and is strong in the weekly time frame, which supports the trend direction. The RSI value in the daily time frame is 74 and it's in an overbought condition. So, I think there will be a cooldown soon and the above-mentioned level will be the candidate for the pullback.
Stoch RSI: The Stochastic RSI is in the overbought zone, just like the RSI. That's another reason to expect a retracement.
Volume: The volume is not so good and looks weak. That suggests a retrace in my opinion.
In my point of view, channels play an important role in trend direction and targets. Each time the trend breaks a channel, a move toward the direction of the breakout with the size of the channel will mostly happen.
Supports:
$ 0.315 Ma50 in W1
$ 0.275 Ma20 in W1
$ 0.21 ~ $ 0.26 Demand zone
Resistances:
$ 0.47 ~ $ 0.50 D1 Supply zone
$ 0.90 Range high
$ 1.10 W1 Supply zone
$ 1.45
$ 2.50 Channel upper boundary
$ 2.80 W1 Supply zone
Conclusion:
All these opinions are mine and can be wrong, so please DYOR.
This token is a low cap and low caps are mostly volatile in bull runs. I expect sharp moves in the way to its final targets in both ways. This will make it more of a risky trade. So I will be more cautious and will surely manage my position size according to my strategy. I recommend you to do the same.
**I need more energy to carry on and comes from your support!. don't forget to hit boost, share and comment your point of view with me**
My strategy goes as below:
🛒 Pair: BAKE/ USDT 🛒
👑 Bitcharge 👑
🕰 07/12/2024 🕰
POSITION: 🟢"Buy"🟢
2 % of capital
🛒 Buy: $ 0.270 – $ 0.315 🛒
👉Sell Targets👈
🎯TP1: $ 0.36 🥉
🎯TP2: $ 0.39 🥈
🎯TP3: $ 0.46 🥇
🎯TP4: $ 0.52 🚁
🎯TP5: $ 0.65 ✈️
🎯TP6: $ 0.72 🚀
🎯TP7: $ 0.89 🛰
🎯TP8: $ 0.96 🛰
🎯TP9: $ 1.05 ✨
🎯TP10: $ 1.25 ⭐️
🎯TP11: $ 1.45 💫
🎯TP12: $ 2.10 🪐
🎯TP13: $ 2.80 🌞
⛔️ SL: $ 0.1950 ⛔️ by closing D1 Below
--Stay rich--
BAKE / USDT Major trend change.The same way the price rejected the 21 MA during the bear market.
Is the same way the price will bounce and create higher highs now.
Anything under 0.50c is cheep in my opinion.
My bags are packed (Wish i had more).
Are yours?
Analysis: Conditions for Further UpsideWe anticipate the continued upward movement of BINANCE:BAKEUSDT.P , and for further gains, the price must close above the TP1 level. This would confirm the bullish trend and allow us to identify subsequent targets accurately. However, if the price fails to close above this level, it may experience some corrections or sideways movement before resuming the uptrend. A break below the key support level with a confirmed close would signal a potential trend reversal, requiring a review of the plan and an exit from the trade to mitigate risks.
BakeUSDT
Based on the chart and the provided information about the **BAKE/USDT** pair, here is a detailed analysis:
### Technical Overview:
1. **Fibonacci Retracement**:
- **0.618 (5.19 USD)** is a critical resistance level and an achievable target in a bullish scenario.
- **1.618 (13.59 USD)** represents a more ambitious goal, requiring strong bullish momentum.
- **2.618 (21 USD)** is an optimistic target, dependent on favorable market conditions and significant buyer demand.
2. **Historical Data**:
- **Previous ATH**: 8.48 USD (a strong psychological resistance level).
- **Current Price**: 0.4216 USD. Achieving the ATH would require a ~1900% increase.
3. **Total Supply**: 289 million coins is a relatively low supply, which can support price appreciation if demand rises.
4. **Trading Volume**: The trading volume has increased to 32 million USD, reflecting growing interest, which is a positive short-term catalyst.
### Fundamental Analysis:
- **Market Sentiment**: If Bitcoin and major cryptocurrencies maintain an uptrend, altcoins like BAKE are likely to follow.
- **Utility**: The coin's demand depends heavily on its use case within its ecosystem.
- **Competition**: BAKE's success will also rely on how well it competes with similar projects in the DeFi or NFT space.
### Price Possibilities:
1. **0.618 (5.19 USD)**:
- Probability: **30%-40%** (requires a broad market rally and increased investor confidence).
2. **1.618 (13.59 USD)**:
- Probability: **15%-20%** (requires sustained momentum and strong fundamentals).
3. **2.618 (21 USD)**:
- Probability: **5%-10%** (highly optimistic, depends on a major bull run and significant adoption).
### Chances of Surpassing the ATH:
- **Overall Probability**: ~25%-30% within the next 1-2 years, contingent on a strong bull market and favorable macroeconomic conditions.
### Conclusion:
BAKE has reasonable chances to reach the **0.618 level (5.19 USD)** during an extended bull market. However, surpassing its previous ATH of 8.48 USD and targeting **13-21 USD** will require exceptional market performance and substantial demand growth.
www.binance.com
BINANCE:BAKEUSDT
bake is rising as you can see this analysis is for bake on foot print chart it has a nice stacked volume on the ath
bake is rising to the moon !#bake has made a triangle pattern which can make the market rise to its ATH as you can see there is some stacked volume at the top the market will go up to grab it !
TRIP FOR BAKE COINHello, let’s take a look at BINANCE:BAKEUSDT.P . We have a buy position:
The trade continues toward TP1 (Take Profit 1).
If the candle closes above TP1, the trade will proceed toward TP2.
If the candle closes below TP1, the trade will be closed.
#BAKE: Empowering DeFi and NFT EcosystemsDescription:
This trading idea focuses on BAKE (BakeryToken), the native cryptocurrency of BakerySwap, a decentralized exchange (DEX) built on Binance Smart Chain (BSC). BAKE plays a pivotal role in supporting the platform's suite of services, including automated market making (AMM), staking, and an NFT marketplace. BakerySwap has carved a niche in the DeFi ecosystem by offering low transaction fees, high-speed operations, and innovative NFT solutions, making BAKE an attractive token for investors looking to capitalize on the growing demand for decentralized finance and NFTs.
As the adoption of DeFi and NFTs continues to grow, BAKE benefits from increased usage and platform expansion. However, the cryptocurrency market remains highly volatile, with factors like regulatory changes, market sentiment, and technological advancements influencing price movements. Investors must remain cautious and employ sound risk management.
Disclaimer:
This trading idea is intended for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like BAKE carries significant risks, including the potential for complete loss of capital. Always perform thorough research, evaluate your financial situation, and consult with a professional financial advisor before making investment decisions. Past performance is not indicative of future results.
Guys ready for big pumpWeekly timeframe
If we go above .40 big pump coming
Im ready because of altseason
What about you guys??
bakeusdt very bullishbake broke its downtrend since 2022. bitcoin dominance also broke a strong support as of yesterday. it will reach the target areas I gave in the chart one by one.
BAKE$/ USDTLong-term (100–200 day): Similarly, the long-term MA indicators are in a buy zone, confirming an upward trend that aligns with historical performance when approaching a bullish phase.
->Watch for breakouts above $0.40 with volume confirmation.
->Set stop-loss below $0.31 to limit risk.
Bake very beautiful chartMa Rsi 200 is broken
We gonna fly these days
Ma 200 daily broke and get bullback
BAKE bullish pattern !#bake made a very nice elliotic pattern as you can see there is an ABC pattern which is the correction wave and after that the bullish wave started so the market is in the rising trend and the wave 1 and 2 is done we are now in the wave 3
1H BAKE$BAKE experienced a dip of about 2.57% in the last 24 hours, likely reflecting market corrections. However, its overall trajectory remains upward.
1h bullish Elgulfing
BAKE$ news on MemeFi Staking & EarningThe overall rating based on moving averages leans towards a strong buy, suggesting positive momentum in the short term.The 50-day MA suggests bullish momentum with strong buying interest in the recent rally.Expected range for the next week: $0.37–$0.55 depending on momentum and market conditions.
POssible breakout for BAKEUSDT!!!!! Hello everyone! Today, I want to talk about BakeUSDT. The chart looks very promising in the 16-day and 4-day time frames, showing a positive divergence in the RSI. Additionally, there has been a break in the RSI pattern, and I see a triangle pattern forming that could lead to a significant upward movement. Please keep in mind that this is not financial advice. I will update this post in the future as more information becomes available.
BAKE seems readying for a massive rally$BAKE #bake token price very well accumulated for long time. If #bakeryswap makes a breakout here, then a massive rally is expected due to upcoming big news of #baketoken
BAKE !!! System Signals LONG Entry Today !!!Today is a very special day for anyone interested in **BAKE (BakeryToken)** because the system is giving us a **perfect entry signal** that follows all the rules:
- **Price is above the 200MA**
- The **local top** has been broken
- The **PSR (Parabolic Stop and Reverse)** has flipped bullish
If the daily candle closes as expected, we can confidently enter a **long position**, with the **stop-loss** placed at the PSR level.
Good luck to everyone entering long into the market—trade wisely! 🚀
BAKE NEW UPDATE (1D)This analysis is an update of the analysis you see in the "Related publications" section
Given the positive news in the crypto market, the diametric scenario and further time-price correction seems to be canceled, and instead of the diametric, we now have a triangle.
As long as it maintains the green zone, it can move towards the targets.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
