It seems like you're sharing a trade plan for $CREAM /USDT, highlighting a bullish breakout above $16.00. Here's a quick breakdown of your trade setup:
Trade Setup Overview:
Current Price: $16.25
Entry Range: $16.20 - $16.30 (on retracement)
Target 1: $16.80
Target 2: $17.50
Stop Loss: Below $15.80
Key Insights:
The breakout above $16.00 suggests strong bullish momentum, confirmed by steady buying pressure.
The previous resistance zone (purple area) is now acting as support.
Volume confirmation is important to sustain the rally.
Consider booking partial profits near $16.80 to secure gains.
Risk Management: Keep an eye on the stop loss at $15.80 to minimize downside risk.
This setup suggests a potential continuation of the bullish trend, but it's crucial to maintain discipline with risk management to ensure gains are locked in while staying prepared for any market corrections.
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