The $CREAM /USDT chart on the 15-minute timeframe indicates significant recent price action, with the current price sitting at 16.99 after a sharp surge to a 24-hour high of 20.84.
The price has pulled back from this high, indicating a potential retracement phase. Key resistance is marked at 18.70, which must be broken for any further bullish momentum. Support is observed around 16.22, serving as a safety net for any downward movements.
A suitable entry for trade would be at 17.10, positioning for an upside push if buying interest continues. Traders can set Take-Profit targets at 18.20 (TP1), 19.50 (TP2), and 20.80 (TP3) to secure gains incrementally.
To mitigate risks, a stop-loss (SL) below the support level at 15.90 is advised, safeguarding against unexpected bearish reversals.
