$STEEM /USDT Technical Analysis
Current Price: $0.2768 (+5.05%)
Resistance Levels: $0.2902 (24h High)
Support Levels: $0.2635 (24h Low)
Indicators Summary
1. RSI (Relative Strength Index): Neutral (~54)
2. Moving Averages (MA):
Short-term (MA20): Bullish (above $0.2700)
Long-term (MA50): Neutral (~$0.2780)
3. Volume Analysis: Increased trading volume (+15%) supports bullish momentum.
Trade Setup
Based on the price action and momentum, the trend for STEEM/USDT is currently moderately bullish, with potential for a breakout if resistance levels are breached.
Trade Signals
1. Entry Zone: $0.2750 - $0.2780
2. Stop Loss: $0.2650 (below key support)
Targets 🎯
1. Target 1: $0.2850 (Short-term resistance)
2. Target 2: $0.2950 (Next resistance level)
3. Target 3: $0.3100 (Psychological level & breakout potential)
Trade Momentum
Bullish Momentum: If STEEM breaks $0.2900 with strong volume, expect a quick move toward Target 2 and Target 3.
Bearish Momentum: Failure to hold $0.2700 may trigger a retest of $0.2635 or lower.
Trading Strategy:
For scalpers: Take partial profits at each target.
For swing traders: Hold with a trailing stop to ride the breakout.
Monitor closely for volume spikes near resistance!
