$STEEM /USDT Trading Signal - Testing Key Lows

Current Price: $0.2691 (-7.24%)

Key Metrics:

24H High: $0.3008

24H Low: $0.2638

Market Overview:

STEEM is in a clear downtrend, testing its 24-hour low of $0.2638. The 7-day MA ($0.2763) indicates short-term bearish momentum, with the price trading below critical moving averages.

Key Levels:

Resistance: $0.2750 | $0.2830

Support: $0.2638 | $0.2600

Analysis:

The price is consolidating near its lows, with weak bullish attempts. A sustained break below $0.2638 could extend losses, while a rebound above $0.2750 may signal a short-term recovery.

Trade Idea:

Entry Zone: $0.2640 - $0.2700

Targets: $0.2750 | $0.2830

Stop-Loss: $0.2600

Observation:

Monitor closely for increased volume to confirm direction. A breakdown below $0.2638 might attract sellers, while a recovery above $0.2750 could signal bullish interest.

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