CREAM/USD
Key Data
1. Current Price: $12.41 (+11.80%)
2. 24h Range:✨
High: $12.81
Low: $10.36
3. Volume:⭐
CREAM Volume: 320,661.83 CREAM
USDT Volume: $3.73M
4. Moving Averages (MA):📈
MA60 (15m): $11.91
Technical Observations
1. Price Movement:🤑
The +11.80% increase over 24 hours reflects strong bullish momentum.
Price trading above the MA60 (15m) suggests continued upward pressure.
2. Volume Analysis:💯
Moderate trading volume ($3.73M USDT) supports the current upward trend but may signal limited further gains unless volume increases.
3. Support & Resistance Levels:
Immediate Support: $12.00.
Stronger Support: $11.50–$11.91 (MA60).
Immediate Resistance: $12.50.
Stronger Resistance: $12.81 (24h High).
Market Sentiment🚚
The bullish sentiment is evident, but resistance near $12.50–$12.81 could slow further gains. Profit-taking might lead to short-term pullbacks.
Trading Strategy📊💵
1. Bullish Scenario:
A breakout above $12.50–$12.81 could push CREAM toward $13.00–$13.50 if supported by increased volume.
2. Bearish Scenario:💷
A pullback below $12.00 could lead to further downside toward $11.91 (MA60) or $11.50.
Recommendation
Short-Term Trading:
For longs, enter near $12.00–$12.20, targeting $12.50–$12.81, with a stop-loss below $11.90.
For shorts, look for rejection near $12.50–$12.81, targeting $12.00, with a stop-loss above $13.00.
Mid-Term Outlook:
If the price sustains above $12.00, the bullish trend may continue toward $13.00–$13.50.
