$STEEM /USDT: Strategic Trade Opportunity During Consolidation

Currently, $STEEM /USDT is priced at $0.2394, marking a 13.84% increase in the last 24 hours, with a peak at $0.2778. The RSI reading of 42.61 indicates a neutral momentum, suggesting a phase of consolidation that presents a low-risk trading opportunity.

Consider entering the market around $0.2390, with short-term profit targets set at TP1: $0.2430, TP2: $0.2470, and TP3: $0.2500. To effectively manage risk, implement a stop loss at $0.2350.

This trading strategy capitalizes on STEEM's current range-bound behavior, allowing for potential scalping within narrow profit margins.

It is advisable to secure partial profits at each target level and monitor for a breakout above $0.2500, which could signal a more extended bullish trend.

This approach aims to balance minimal risk with consistent profit opportunities.

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