$STEEM

$STEEM

/USDT Technical Analysis & Trade Signal🔥💯

Current Price: $0.2641
Price Change: +8.06% (24h)

Key Technical Indicators:

Support Level: $0.2360 (24h Low)

Resistance Level: $0.3083 (24h High)

MACD: Positive momentum, indicating upward momentum.

RSI (Relative Strength Index): Currently near 60 (neutral to bullish).

Trend:

Short-term trend: Bullish, given the 8.06% price increase over the last 24 hours.

Medium-term trend: In an upward consolidation phase after recent price dips.

Trade Signal:

Buy Signal:

Enter a buy position at current price $0.2641 or near the support at $0.2360.

Target Levels:

1. Target 1: $0.2800 (Short-term profit target)

2. Target 2: $0.3000 (Medium-term target based on resistance area)

3. Target 3: $0.3200 (Long-term, if the bull trend continues)

Stop Loss:

Suggested Stop Loss: $0.2400 (Below recent support level for safety)

Momentum:

The current trade momentum suggests a moderate bullish market. A break above the $0.3000 resistance could confirm further upward movement, with the $0.3200 target as a potential next level of resistance.

Make sure to monitor volume and momentum indicators for any shift before entering or exiting the market.
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