$STEEM is positioned for a potential downward move, with the current price at $0.2430. A short trade appears favorable, aiming for a primary target of $0.2290, with a secondary target at $0.2200 if the bearish trend persists.
The suggested entry point for this short position is between $0.2430 and $0.2450, while a stop-loss above $0.2600 helps mitigate risk. The price breaking below $0.2400 would confirm the bearish setup, signaling a strong likelihood of reaching the $0.2290 level.
Close monitoring of price action and volume is recommended to adjust the trade if any reversal occurs near the support levels.