$CREAM /USDT BEARISH TREND CONTINUES 📉
Technical Analysis
Key Levels:
- Current Price: $10.44
- Resistance Levels: $11.00, $11.50, $12.00
- Support Levels: $10.00, $9.50, $9.00
Trade Setup:
- Short Entry: $10.44
- Take Profit (TP): $10.00, $9.50
- Stop Loss (SL): $11.00
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking to short $CREAM/USDT due to the continuous bearish trend observed in the 1-hour chart. The price has been consistently making lower highs and lower lows, indicating strong selling pressure. The current price is near a critical support level at $10.00, and a break below this could lead to further downside. 📉💸
Happy Trading! 📉💸
Hope this aligns with your needs! If you need any adjustments or have other requests, feel free to ask 😊