CREAM/USDT Technical Analysis & Trade Signal
Current Price: $26.47
Trend: Bullish (Up 32.95% in the last 24 hours)
Key Support: $22.02 (SAR Indicator)
Key Resistance: $27.29
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Technical Analysis Overview:
24h High: $26.96
24h Low: $19.84
Volume: 422,353.73 CREAM traded, with 9.46M USDT in volume. This suggests significant trading activity, supporting the bullish move.
Relative Strength: The current bullish momentum is confirmed by the SAR (22.02), showing an ongoing positive trend.
Trade Signal:
Buy Entry: $26.50 (above recent resistance)
Momentum: Strong upward momentum indicated by a 32.95% increase in price. With the volume and SAR indicator aligning with a bullish trend, the price is expected to continue its upward movement.
Target Levels:
1. Target 1: $27.29 (Resistance Level)
2. Target 2: $28.50 (Potential breakout point)
3. Target 3: $30.00 (Psychological level and further resistance)
Stop-Loss: $22.00 (below key support)
Momentum Summary:
Strong Bullish Momentum: The price is currently in an uptrend, supported by increasing volume and the SAR indicator signaling continued bullish movement.
Trade Action: Buy at $26.50 with targets at $27.29, $28.50, and $30.00. A stop-loss below $22.00 ensures protection in case of trend reversal.
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