Today's Trading Signals for $STEEM
Entry Range: $0.305 - $0.320
SL: $0.301 - $0.298
TP: $0.335 - $0.368

STEEM has shown significant intraday volatility, with a 21.41% price increase in the last 24 hours and a trading volume surge of 123.53%. The high volume-to-market-cap ratio of 475.35% indicates strong market activity. The price range between $0.305 and $0.320 suggests potential consolidation after the recent spike, making it a suitable range for scalping.

For long positions, consider entering near $0.305, targeting the $0.335-$0.368 range. Place a stop-loss slightly below $0.301 to minimize risk. For short positions, if the price fails to break above $0.320, consider entering around $0.318 with a target range near $0.300-$0.290. Adjust your stop-loss to protect against upward momentum.

This strategy relies on current momentum and volume analysis but requires close monitoring due to STEEM's high volatility.

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๐ŸšจNote: Trade at your own risk. Always do your own research (DYOR).

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