Technical Analysis of STEEM/USDT
Current Price: 0.2433 USDT
Price Change: +20.45% in the last 24 hours
24h High: 0.2778 USDT | 24h Low: 0.2015 USDT
Technical Indicators:
Support (SAR): 0.2384 USDT
Resistance (SAR): 0.2561 USDT
Momentum: Bullish (strong upward movement in the last 24 hours)
Trade Signal:
Buy Signal: Consider entering a long position if the price holds above 0.2384 USDT, with a target of 0.2561 USDT as an immediate resistance.
Target Levels:
1. Target 1: 0.2500 USDT (short-term resistance)
2. Target 2: 0.2600 USDT (medium-term resistance)
3. Target 3: 0.2778 USDT (previous 24h high)
Trade Momentum:
Strong Bullish Momentum: A sharp increase in price indicates continued upward pressure. If price stays above support at 0.2384 USDT, a potential breakout towards 0.2600 USDT and 0.2778 USDT is likely.
Trade Strategy:
Buy near support (0.2384 USDT) with a stop loss just below 0.2300 USDT.
Take Profit at 0.2500 USDT, 0.2600 USDT, and 0.2778 USDT in stages.
#USUALAnalysis #MicroStrategyInNasdaq100 #BinanceAlphaAlert #BinanceLaunchpoolBIO