$STEEM

📊 Technical Analysis for STEEM/USDT on Binance: Dec 22, 2024 🎯

Current Price: $0.2257 (+17.06% in the last 24h)

24h Range: $0.1898 - $0.2744

Volume:

STEEM: 150.03M

USDT: $35.60M

Technical Indicators Overview

1️⃣ Parabolic SAR:

$0.2126: Bullish signal with the price trading above the SAR level, indicating continued upward momentum.

2️⃣ Bollinger Bands:

Price approaching the upper band at $0.2786, indicating overbought conditions but potential for breakout if momentum sustains.

3️⃣ MACD:

Positive crossover confirms strong bullish momentum.

🎯 Price Targets

1. Target 1: $0.2481

Immediate resistance; a breakout could confirm further gains.

2. Target 2: $0.2744

The 24h high; breaching this level indicates strong bullish continuation.

3. Target 3: $0.3000

Psychological level; potential upside if volume and momentum persist.

Trading Strategy

Bullish View: Buy on pullbacks near $0.2177 or $0.2126 (SAR support) with targets at $0.2481 and $0.2744.

Bearish View: If the price drops below $0.2126, it could test $0.1898 (24h low).

📈 Momentum favors bulls, but resistance at $0.2744 is key. Use stop-loss orders near $0.2100 for risk management.

Trade smart and stay updated! 🚀

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