Based on the $STEEM /USDT 4-hour chart from Binance:
1. The price has shown a strong breakout, with a significant green candle pushing above resistance near $0.2600 and reaching a high of $0.2812.
2. Current momentum is bullish, as indicated by the sharp upward movement and 42.75% gain in the last 90 days, confirming buyers' control.
3. Entry for Long Position: Consider entering near the $0.2750–$0.2780 zone if the price retraces slightly, as this would align with the breakout area acting as support.
4. Target for Long: First target at $0.3000 and second at $0.3200, which aligns with the next key resistance zones.
5. Stop Loss for Long: Place a stop-loss below $0.2600, ensuring safety in case of a false breakout.
6. Entry for Short Position: If the price rejects $0.3000, consider shorting near $0.2900–$0.2950 for a retracement trade.
7. Target for Short: First target at $0.2700 and second at $0.2500, aiming for a move toward previous support levels.
8. Stop Loss for Short: Place a stop-loss above $0.3100, protecting against extended bullish momentum.
Caution: Monitor volume and momentum indicators; high volatility may cause unpredictable moves. Stick to your risk management strategy, risking no more than 1-2% of your capital per trade.
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