Exciting Trade Opportunity for $STEEM
Market Update:
$STEEM has surged by 18.57% in the last 24 hours, reaching a high of $0.2909.
It is currently consolidating around $0.2579.
RSI at 31.40 indicates oversold conditions with potential for a rebound.
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Trade Plan
1. Entry Point:
Enter the trade around $0.2560 - $0.2590.
2. Stop Loss:
Place a stop-loss at $0.2380.
3. Target Levels:
First Target (T1): $0.2750
Second Target (T2): $0.2900
Third Target (T3): $0.2950
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Key Indicators
Moving Averages:
MA(7): $0.2619 (immediate resistance)
MA(25): $0.2706
MA(99): $0.2385 (strong support zone)
RSI (6):
Currently at 31.40.
Watch for a rise above 35-40 to confirm recovery momentum.
Volume:
Sustained buying volume is crucial for $STEEM to break higher levels.
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Risk Management:
Risk only 1-2% of your capital.
Stick to your plan and execute with discipline.
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