Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.33). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . CAKEUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 75.
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164.16% profit... Total Profit: 164.16% Closed trade(s): 116.72% Profit Open trade(s): 47.44% Profit
Update Details:
Closed Profit: TP1 @ 7.24 touched at 03.25.2022 with 11.47% Profit. TP2 @ 7.72 touched at 03.27.2022 with 18.85% Profit. TP3 @ 8.59 touched at 03.29.2022 with 32.29% Profit. TP4 @ 9.99 touched at 04.04.2022 with 54.11% Profit.
11.47% + 18.85% + 32.29% + 54.11% = 116.72%
Open Profit: Profit for one trade is 9.59 (current price) - 6.50 (open price) = 47.44% 1 trade(s) still open, therefore total profit for open trade(s) is 47.44%x 1 = 47.44% All SLs moved to Break-even point.