$STEEM /USDT Technical Analysis and Trade Signal

Current Price: $0.3027 (+13.16%)

Momentum: Strong bullish momentum observed with a 24% rise in the last 15 minutes and significant recovery from the 24-hour low.

Key Levels

Resistance Levels:

1. First Target: $0.3300 🎯

2. Second Target: $0.3450 🎯

3. Third Target: $0.3700 🎯

Support Levels:

Immediate Support: $0.2900

Strong Support: $0.2667 (24h Low)

Trade Setup

Entry Zone: $0.3000–$0.3050

Targets:

1. $0.3300

2. $0.3450

3. $0.3700

Stop Loss: $0.2800 (Below key support to manage risk)

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Indicators Analysis

RSI: Near 70, indicating bullish strength but approaching overbought territory.

Moving Averages (MA): Price is trading above short-term MAs (10, 20), supporting the upward trend.

MACD: Bullish crossover, indicating potential for continued upward momentum.

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Trade Momentum

Bullish: High volume and strong recovery signal continuation of upward momentum. However, a pullback near resistance levels is possible.

Recommendation

For Bulls: Enter near $0.3000 and aim for targets 🎯 with a trailing stop to maximize profits.

For Bears: Watch for rejection near $0.3700 for shorting opportunities with a target near $0.2900.

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