$STEEM /USDT Trading Update - Bullish Breakout?

Current Price: $0.3187 (+8.96%)

24H High: $0.3600

24H Low: $0.2828

STEEM is showing promising recovery with an 8.96% intraday surge, trading above key support at $0.3100. The hourly chart indicates strong buying momentum following a sharp dip, hinting at a potential bullish breakout.

Key Levels to Watch:

Immediate Resistance: $0.3300

Major Resistance: $0.3600

Support Zone: $0.3000

Possible Scenarios:

1. A break above $0.3300 could lead to testing $0.3600.

2. Failing to hold above $0.3100 might invite retests of $0.3000.

Recommendation: Monitor price action closely around $0.3300 for confirmation of a breakout. Secure partial profits at major resistance levels and adjust stop-loss accordingly to protect gains.

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