๐ $STEEM Gaining Momentum โ Big Moves on the Horizon! ๐
$STEEM is trading at $0.2236, posting an impressive intraday gain of +14.32%. The hourly chart reveals a bullish trend with a sharp breakout followed by brief consolidation, hinting at further upward movement.
Key Levels:
Resistance: $0.2300 (Immediate), $0.2500 (Next Target)
Support: $0.2100 (Critical Level)
Suggested Trade Plan:
Entry: Around $0.2228
Target 1: $0.2300
Target 2: $0.2500
Stop-Loss: $0.2100
Analysis:
STEEM has broken out of a lower accumulation range, supported by rising trading volume, signaling sustained bullish momentum. A break above $0.2300 could propel the price toward the $0.2500 zone. However, maintaining the $0.2100 support is crucial for the uptrend to remain intact.
Recommendation:
Consider entering near the current price with the outlined targets. Take partial profits near $0.2300 and hold the rest for potential gains toward $0.2500. Monitor price action closely around resistance levels to manage your position effectively.
