$CREAM
/USDT, I'll outline three target levels based on the current technical indicators🔥🚀
1. Immediate Target (Target 1): $15.20 - $15.50
Rationale: The recent high at $15.02 serves as immediate resistance. A break above this level could lead to a short rally to the next psychological and technical levels around $15.20 - $15.50.
Indicators: With the current price near the upper Bollinger Band ($14.56), an upward continuation could drive the price toward this zone.
2. Intermediate Target (Target 2): $16.00 - $16.20
Rationale: This range aligns with the next resistance level and could attract more buying interest. $16.00 often acts as a psychological resistance and would be a strong intermediate target for bullish momentum.
Indicators: If the Parabolic SAR remains below the price level and the Bollinger Bands expand upward, this target could be achievable in the medium term.
3. Extended Target (Target 3): $17.00 - $17.50
Rationale: Should CREAM/USDT break through $16.20, this level becomes a realistic next stop, where sellers might start taking profits. This range also aligns with historical resistance levels that could create a new high.
Indicators: For this level to be reached, continued support from high volume and bullish signals (like the price staying above the middle Bollinger Band and SAR remaining supportive) would be essential.
Summary of Target Levels
Target 1: $15.20 - $15.50 (immediate)
Target 2: $16.00 - $16.20 (intermediate)
Target 3: $17.00 - $17.50 (extended)
Key Support Level
$13.85: If the price retraces, this level acts as immediate support, coinciding with the lower Bollinger Band and daily low.
This setup allows flexibility for both short-term and swing traders, with each target depending on the strength of bullish momentum and volume. Monitoring indicators like the SAR and Bollinger Bands at each target level will provide additional confirmation on whether to hold or exit positions.
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