*STEEM/USDT Potential Breakout! 🔥*
The STEEM/USDT pair on Binance is making waves, currently trading at $0.2727, up an impressive +23.39% in the past 24 hours. With strong trading volume of 137.57M STEEM, the bulls are clearly dominating the market!
*Key Levels to Watch:*
- *Resistance:* $0.2900 – This level has proven tough, with recent attempts to break it being met with selling pressure.
- *Support:* $0.2600 - $0.2500 – A reliable base for buyers, offering an excellent dip-buying opportunity.
*Targets 🎯:*
1. *Target 1:* $0.2900 – Immediate resistance.
2. *Target 2:* $0.3000+ – If STEEM breaks and sustains above $0.2900, the next leg up could aim for the $0.3000+ zone, offering lucrative potential for long traders.
*Entry Strategy:*
- *For Bulls:* Buy on dips near $0.2600, targeting a breakout above $0.2900. Set a tight stop-loss below $0.2500 to protect your capital.
- *For Bears:* Consider short positions only if the price fails to breach $0.2900 and volume shows signs of fading.
Stay sharp and trade smart!
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$STEEM 😊