$BAKE Perpetual Trade Idea (4H Chart):

▶️ Entry Zone: 0.2468 - 0.2565

🛑 Stop Loss: 0.1900

🎯 Take Profit 1: 0.2650

🎯 Take Profit 2: 0.2800

Analysis:

🔹 Price is trading above EMA(7) and EMA(25), approaching resistance at EMA(99)

🔹 Recent upward momentum with a high of 0.2468

🔹 RSI(14) at 52.6450, indicating neutral momentum

🔹 MACD line is below the signal line, suggesting potential bearish divergence

🔹 OBV shows slight upward trend, indicating increasing buying pressure

Rationale:

Looking to capitalize on potential breakout above EMA(99) resistance. Stop loss is placed below recent support to manage risk. Multiple take profit levels to secure profits.

Caution:

* MACD divergence suggests potential for price correction

* Recent volatility could lead to rapid price swings

* Use proper position sizing and consider scaling in/out of positions

Hashtags:

#BAKEUSDT #BAKE #TradingStrategy #TechnicalAnalysis #BuyOrder