$STEEM
/USDT Technical Analysis and Trade Signals
Current Momentum: Strong Bullish
Price Action: STEEM is up +21.40%, showing strong buying interest.
Volume Surge: High 24h volume indicates strong market participation.
Moving Averages (MA):
MA(5) > MA(10), signaling short-term bullish momentum.
Trade Signals
1. Entry Zone: $0.2400 - $0.2450
2. Stop Loss: $0.1890 (below recent low for risk management)
Targets 🎯
1. Target 1: $0.2650 (short-term resistance level)
2. Target 2: $0.2900 (medium-term breakout target)
3. Target 3: $0.3200 (long-term resistance zone)
Momentum Indicators
RSI: Likely nearing overbought levels; expect consolidation after target 1.
MACD: Bullish crossover confirms uptrend continuation.
Trade Tip: Consider partial profit booking at Target 1, and adjust stop-loss to breakeven for lower risk.
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