馃殌 $STEEM /USDT Technical Analysis 馃殌
Current Price: $0.2155 (+10.12% in 24h)
Timeframe: 30m Chart on Binance
$STEEM has shown significant upward movement, hitting a 24h high of $0.2744 before retracing to $0.2155. The current consolidation suggests a possible recovery or continued correction.
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Key Levels and Targets
1锔忊儯 Immediate Resistance: $0.2300
A bounce back above this level may confirm a reversal from the recent dip.
2锔忊儯 Next Target Zone: $0.2500
If momentum continues, this is a key area for short-term traders to watch.
3锔忊儯 Long-term Target: $0.2750
A retest of the recent 24h high; breaking this level could indicate a strong bullish continuation.
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Trading Strategy
Short-term traders: Watch for price recovery above $0.2300, with targets near $0.2500.
Long-term investors: Accumulate near $0.2100 support and hold for a potential move to $0.2750.
馃搶 Support Levels:
Immediate support at $0.2100, with stronger support at $0.2000.
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Recommendation
Adjust stop-loss levels based on price action. Traders should monitor volume closely for breakout confirmation and secure profits at resistance zones.