$CREAM /USDT Technical Analysis: Gradual Recovery with Bullish Potential
Current Price: $16.40
$CREAM has shown a 6.45% increase in the last 24 hours, recovering from a low of $14.79 and reaching a high of $17.36. This rebound indicates strong buyer interest and momentum. Although resistance near $17.36 has capped further gains, a breakout above this level could signal more upside potential.
Key Levels to Watch:
Support: $16.30 (a drop below this could signal further downside)
Resistance: $17.50 (a breakout above this could lead to higher targets)
Trade Setup:
Entry Point: Around $16.90
Targets:
1. $17.50 (short-term)
2. $18.20 (next target)
Risk Management:
Stop-loss: $15.80
Keep an eye on $16.30 for potential signs of consolidation or weakening momentum.
Pro Tip:
Take partial profits near $17.50 to manage risk and adjust your stop-loss to protect gains. A confirmed breakout above $17.50 could open the door to more bullish potential. Stay cautious and plan your trades strategically.
