🔥🔥🔥$STEEM /USDT Technical Analysis & Trade Signal

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Current Price: $0.2208 (-5.56%)

Timeframe: 4H

Technical Overview:

Trend: Bearish but showing signs of consolidation near $0.2200.

Resistance Levels: $0.2270, $0.2350

Support Levels: $0.2180, $0.2100

Indicators:

RSI (Relative Strength Index): Near 40, indicating oversold conditions.

MACD: Slight bullish crossover, hinting at short-term momentum reversal.

EMA:

50 EMA: $0.2250 (Immediate resistance).

200 EMA: $0.2400 (Major resistance).

Trade Signal:

Momentum: Neutral-to-Bullish (short-term recovery possible).

Buy Zone: $0.2190–$0.2210

Targets:

🎯 Target 1: $0.2270 (+2.8%)

🎯 Target 2: $0.2350 (+6.4%)

🎯 Target 3: $0.2440 (+10.4%)

Stop Loss: $0.2150 (-2.6%

Strategy:

Aggressive Traders: Enter near the lower support ($0.2190) for quick scalping to Target 1.

Conservative Traders: Wait for a confirmed breakout above $0.2270 to aim for higher targets.

Risk Management:

Maintain 2:1 reward-to-risk ratio.

Monitor BTC/USDT movements as they may influence STEEM's price action.

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