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$STEEM /USDT 4H Chart Update: Relief Bounce or Just a Pause? 📊✨
$STEEM is showing early signs of a recovery after a sharp sell-off, but the broader structure still demands caution ⚠️
🔍 Key Market Snapshot (4H):
💰 Current Price: 0.0606 USDT
📈 24H Change: +3.59%
⬆️ 24H High: 0.0607
⬇️ 24H Low: 0.0579
📊 Volume: ~5.03M STEEM
📉 What the Chart Is Saying:
🔻 Price previously dumped hard from the 0.0693 resistance, confirming strong selling pressure
🧱 A local bottom formed near 0.0573, where buyers stepped in 🛒
📈 We’re now seeing a small bounce, pushing price back above MA(7) ≈ 0.0597
However… 👀
❌ Price is still below MA(25) at 0.0625
❌ And well below MA(99) at 0.0662
This means the overall trend remains bearish 🐻 despite the short-term bounce
⚙️ Momentum & Volume:
📊 Volume picked up near the bottom — a good sign of dip-buying interest
⏳ Recent candles show slowing downside momentum, but not yet strong bullish confirmation
🧠 Conclusion:
✅ Short-term relief bounce is in play
⚠️ Medium- to long-term trend is still weak
📌 Bulls need a clean reclaim above 0.0625–0.0650 to shift momentum
📉 Failure here could lead to another retest of the 0.058–0.057 zone
Trade smart 🧠
Manage risk 🛡️
Let confirmation lead, not emotion 😌📉📈
#STEEM #STEEMUSDT #CryptoAnalysis #altcoins #4HChart 🚀📊
$STEEM