$STEEM /USDT BEARISH OUTLOOK š
short trade signal šÆšØ
Key Levels:
- Current Price: $0.2646
- Resistance Levels: $0.2820, $0.3050
- Support Levels: $0.2457, $0.2480
Trade Setup:
- Short Entry: $0.2646
- Take Profit (TP):
- TP1: $0.2480
- TP2: $0.2457
- Stop Loss (SL): $0.2820
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust according to your risk tolerance, ideally risking no more than 2% of your trading capital on this trade.
Summary:
We are looking to short $STEEM/USDT due to the bearish trend indicated by the recent price action. The price has failed to break above the resistance level at $0.2820 and is currently trading below it. The support levels at $0.2480 and $0.2457 provide potential targets for this short trade. Proper risk management is crucial to protect against unexpected market movements. š
Happy trading and may the market be in your favor! ššø