$STEEM
STEEM/USDT Trading Strategy: Identify Entry Levels and Profit Targets 🎯
Current Price: 0.2783
Entry Range:
Ideal Entry Point: 0.2783 – The current market price is near key levels for potential entry.
Buy Range: 0.2717 to 0.2860 – This range aligns with the 24h low and the SAR value, providing a good opportunity to enter the trade.
Trading Targets:
1. Target 1: 0.2830 – A near-term resistance level offering quick profits if reached.
2. Target 2: 0.2895 – A mid-range resistance point that aligns with recent price action.
3. Target 3: 0.2959 – A higher resistance level, offering the greatest profit potential if the price continues upward.
Stop Limit:
Stop-Loss: 0.2717 – Below the 24-hour low, this stop level helps minimize losses if the market moves against your position.
Pro Tip:
Once the price reaches your first target, consider using a trailing stop to lock in profits while giving the trade room to continue if the upward trend persists. This strategy helps secure gains while allowing for potential further profits.
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