$STEEM /USDT Technical Analysis & Trade Signal

Current Price: $0.3033

Momentum: Bullish (Strong recovery observed with an 8.77% increase in the last 24 hours)

Technical Indicators:

1. Support Levels:

Immediate Support: $0.2750

Strong Support: $0.2442 (24h low)

2. Resistance Levels:

Immediate Resistance: $0.3150

Key Resistance: $0.3350

3. Moving Averages:

Price is trading above the 50 EMA and 200 EMA, confirming bullish momentum.

4. RSI: Currently at 68, nearing overbought levels. Watch for a potential pullback or breakout.

5. MACD: Positive crossover indicates bullish momentum is still intact.

Trade Signal

Entry Point: $0.3030 - $0.3070

Targets 🎯:

1. Target 1: $0.3150

2. Target 2: $0.3250

3. Target 3: $0.3350

Stop-Loss: $0.2750

Trade Momentum

Short-Term: Strong upward momentum with higher highs and higher lows. Ideal for intraday or swing trading.

Mid-Term: Bullish breakout is likely if the price sustains above $0.3150.

Caution: Watch for rejection at $0.3150 or overbought RSI levels, which may lead to minor corrections.

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