The $STEEM market has just witnessed a massive short liquidation of $1.8466K at $0.26148, sending shockwaves through the market.
This type of liquidation sets the stage for high volatility, and the moves are happening fast.
If you're holding a long position now, this is the moment to stay alert.
The sudden liquidations could trigger a sharp price swing in either direction.
It's vital to protect your position with an optimized stop loss.
Set it at a strategic point to lock in profits and shield yourself from unexpected market shifts.
The next move is critical. You need to manage risk carefully.
If $STEEM shows strength and continues to rise, you could ride the momentum, but if it starts to lose steam, don't hesitate to pull the trigger and cut losses.
Stay ahead of the game by constantly adjusting your stop loss to reflect the price action, and be ready to take advantage of every market turn.
Now's the time for precision—monitor the market closely and make your next move with calculated confidence.
The market is in play, and the potential rewards are high, but so are the risks.
