š $STEEM /USDT: BULLISH MOMENTUM BUILDING! š„
Price: $0.2961 | Eyes on the Next Resistance! šÆš
The $STEEM /USDT pair on Binance is trading at $0.2961, showing a slight uptick of 2.15% in the past 24 hours. With a 24-hour high of $0.3000 and a low of $0.2900, itās consolidating near a key resistance level, indicating potential for a breakout.
Trade Scenarios:
Entry Point: $0.2961
Take Profit (TP 1): $0.3000
Take Profit (TP 2): $0.3100
Take Profit (TP 3): $0.3200
Stop Loss (SL): $0.2900
Market Outlook:
The $STEEM/USDT pair is trading above its key support at $0.2900, suggesting strong buying interest at lower levels. Immediate resistance is at $0.3000, and a successful breakout could pave the way for gains toward $0.3100 and $0.3200 in the short term.
The overall sentiment appears bullish, supported by increasing volume. Traders should monitor price action near $0.3000 for breakout confirmation. A stop loss at $0.2900 is essential to manage risk effectively.
Key Takeaways:
Support: $0.2900
Resistance: $0.3000, $0.3100
Targets: $0.3000, $0.3100, $0.3200
Risk Management: Use a stop loss at $0.2900 to protect against downside risks.
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