The $CREAM /USDT 15-minute chart shows the price currently trading at 17.00, reflecting a notable increase of 20.82% for the day.
The recent price action indicates a sharp upward spike reaching a 24-hour high of 20.84, followed by a correction phase.
The strong retracement from this high points to profit-taking and reduced buying momentum. Key resistance is established at 18.77, a critical level for a potential push higher. Support can be found at 16.37, which may act as a safeguard against further declines.
Traders looking for entry points could consider positioning around 17.10 to catch any recovery bounce. Suggested Take-Profit targets include 18.00 (TP1), 19.00 (TP2), and 20.50 (TP3) to optimize gains.
To manage risk, placing a stop-loss (SL) around 16.00 is advised to protect against adverse price movement if the current trend reverses.
