$STEEM /USDT Technical Analysis and Trade Signal
Market Overview
Current Price: $0.3072 (+10.34%)
Support Levels: $0.2664, $0.2800
Resistance Levels: $0.3200, $0.3615
STEEM/USDT has established a strong support at $0.2664 and is consolidating around $0.3072. A breakout above $0.3200 could trigger further upward momentum.
Trade Signal
Entry Zone: $0.3050 - $0.3100
🎯 Targets:
1. Target 1: $0.3300 (Strong short-term resistance)
2. Target 2: $0.3500 (Mid-term target)
3. Target 3: $0.3800 (High anticipated level)
Stop Loss: $0.2800 (Below key support)
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Trade Momentum
Bullish Indicators:
RSI: 62 (In bullish territory, with room for further buying)
MACD: Bullish crossover, indicating upward pressure
Volume: $62.58M in the last 24 hours, supporting positive momentum
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Trade Strategy
Short-Term Traders: Consider taking profit near $0.3300
Swing Traders: Hold for $0.3500-$0.3800 levels
Risk Management: Always set a stop loss to minimize potential losses
Note: Volatility may increase, so conduct further analysis before entering the trade.
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