CAKE has continued to increase steadily since July and still has not had a strong break to end an uptrend. Moves like this often result in flash dumps, but the overall result is still bullish. CAKE is continuing to move up to the $30 and $40 zones. But if it loses the $22 zone, it will correct to the $18 zone

📈RED PLAN
🔴Buy : 21.5-22.5$. SL if B
📉BLUE PLAN
🔴Sell : 29.3-30.7$. SL if A 🔴Sell : 39-41$. SL if A
🟣PURPLE PLAN
🔵Sell : 21.5-22.5$ if B. SL if A 🔵Buy : 17.6-18.4$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens.
  • There are 3 kinds of tokens on PancakeSwap:
    • FLIP: Similar to other AMM models, users will receive Liquidity Provider (LP) tokens in the form of FLIP tokens in return for providing liquidity towards the various liquidity pools available on the platform (e.g. one will receive BUSD-BNB FLIP tokens in return for providing liquidity to the BUSD-BNB liquidity pool).
    • CAKE: LPs receive CAKE for staking their FLIP tokens.
    • SYRUP: CAKE tokens can be staked in the SYRUP Pool to earn SYRUP. SYRUP holders will earn a portion of 25% of each CAKE block reward and give them the right to earn tokens from brand new BSC projects. SYRUP tokens can also be used for voting in platform governance, collecting fees, and the upcoming Golden Syrup lottery.