+65% in 24 hours, and yet the daily chart is still bleeding. That’s not a rally — that’s a reflex.
The 4H finally broke structure on that +84% candle. EMA7 crossed EMA25, RSI is waking up, and price is holding above the prior-day range — but it’s trading straight into a massive daily imbalance.
The daily is still under a heavy bearish gap from 2.44 to 3.63, an unfilled air pocket from the last breakdown. Bounces into these zones often stall or reverse once the squeeze fades.
The cleaner read is the 4H. If $CREAM can hold 2.08–2.09 on a 4H close, the path toward 2.27 looks open — that’s the level worth tapping.
Lose 1.98, and the bounce is already over.
My read: this is a violent short-covering pop inside a bigger bearish structure. The upside is real but fragile — one bad 4H close below 1.98 and sellers take the wheel again.
I’ll be watching the 2.27 test closely — follow for the read on whether this bounce can actually flip the daily trend.
Where do you think this bounce stalls: 2.27 or 2.44 on $CREAM? 👇
⚠️ Not financial advice. DYOR.
#CREAM #DeFi #Crypto #BinanceSquare
The 4H finally broke structure on that +84% candle. EMA7 crossed EMA25, RSI is waking up, and price is holding above the prior-day range — but it’s trading straight into a massive daily imbalance.
The daily is still under a heavy bearish gap from 2.44 to 3.63, an unfilled air pocket from the last breakdown. Bounces into these zones often stall or reverse once the squeeze fades.
The cleaner read is the 4H. If $CREAM can hold 2.08–2.09 on a 4H close, the path toward 2.27 looks open — that’s the level worth tapping.
Lose 1.98, and the bounce is already over.
My read: this is a violent short-covering pop inside a bigger bearish structure. The upside is real but fragile — one bad 4H close below 1.98 and sellers take the wheel again.
I’ll be watching the 2.27 test closely — follow for the read on whether this bounce can actually flip the daily trend.
Where do you think this bounce stalls: 2.27 or 2.44 on $CREAM? 👇
⚠️ Not financial advice. DYOR.
#CREAM #DeFi #Crypto #BinanceSquare