$STEEM

/USDT Bull Run Momentum Continue Ready for Profit Opportunity 💯 🔥 🎯

Current Price: $0.2353 (-0.17%)

24h High: $0.2549

24h Low: $0.2302

24h Volume:

STEEM: 48.42 million

USDT: $11.72 million

Technical Analysis (30m Chart)

1. Trend: Consolidating after testing the lower end of the range ($0.2302).

2. Support Levels:

S1: $0.2300 (24h low).

S2: $0.2250 (psychological support).

3. Resistance Levels:

R1: $0.2400 (immediate resistance).

R2: $0.2450 (near EMA 20).

R3: $0.2549 (24h high).

4. Indicators:

EMA 20: $0.2380 (immediate support).

RSI: 42 (slightly bearish, potential for further downside).

MACD: Negative crossover, indicating bearish momentum.

🎯 Trade Strategy

Long Setup (Bullish)

Entry:

Conservative: $0.2300 (support zone).

Aggressive: $0.2400 (breakout above R1).

Stop Loss:

Conservative: $0.2250 (below S2).

Aggressive: $0.2300 (tight stop below support).

Targets:

1. T1: $0.2450 (near EMA 20).

2. T2: $0.2500 (near R2).

3. T3: $0.2549 (24h high).

Short Setup (Bearish)

Entry: $0.2400 rejection.

Stop Loss: $0.2450 (above resistance).

Targets:

1. $0.2350 (support zone).

2. $0.2300 (24h low).

Trade Tips

Volume Confirmation: Look for volume spikes to confirm breakouts.

Risk-to-Reward: Aim for R:R = 1:2 or better.

Momentum Watching: A move below $0.2300 may signal further downside.

#BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound #BinanceLaunchpoolBIO #MicroStrategyInNasdaq100