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Baking Fractals
Im very bullish on Bake, reminds me of the beginings of CAKE and if you have seen their UI its basically the same but with better APY and more shitcoins.
I found this fractal which is from the previous pump, it is insane how similar it is but im not sure it will play out.
If it does we will possibly see a retrace to around 5.6 levels where i expect some buying pressure.
But honestly i would not be surpised if we launch again from the 6.35 6.4 levels.
Something to keep in mind BAKE & BURGER seem to be highly correlated. And its a niec rotation from one to the other as one seems to pump after the other one is done pumping somehow.
Im also not planning to take too much profit on bake btw, i think we will se a 2x in the next weeks. Marketcap is around 1 billion with Bake at #90 something on CMC, still got room to grow.
Also watch out for BNB pumps, it will drag its kids with it.
Cheers.
I found this fractal which is from the previous pump, it is insane how similar it is but im not sure it will play out.
If it does we will possibly see a retrace to around 5.6 levels where i expect some buying pressure.
But honestly i would not be surpised if we launch again from the 6.35 6.4 levels.
Something to keep in mind BAKE & BURGER seem to be highly correlated. And its a niec rotation from one to the other as one seems to pump after the other one is done pumping somehow.
Im also not planning to take too much profit on bake btw, i think we will se a 2x in the next weeks. Marketcap is around 1 billion with Bake at #90 something on CMC, still got room to grow.
Also watch out for BNB pumps, it will drag its kids with it.
Cheers.
Nota
This is playing out better than expected. Honestly didnt think it would. I bought back around 6$. Considering the possibility to test 5.6 i will place an order in small profit above 6$ to hopefully sell and buy back at around 5.7. If it pumps it pumps there is many more coins out there waiting to be boughtNota
It is possible this fractal should be longer, i didnt add all of it possibly due to hopium but a ip to 5.2 is also a possiblity.
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