CAKE has a strong support at $16 and it could rally to $18 and $20 within the next few days. The $20 zone is a very important resistance zone, if it can break through it it can continue to rally strongly towards the $24 and $32 zones. But if it loses the $16 zone, we might consider buying back the $14 and $11 zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 20 - 24 - 32
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 11
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
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.