Major $STEEM Long Liquidation!

A long position worth $5,081.70 was liquidated at $0.29929, signaling intense market activity.

Liquidations happen when traders can't meet margin requirements, often due to sharp price movements.

Key Market Details:

Current Price: Around $0.306 (may vary)

Intraday High: $0.3577

Intraday Low: $0.2672

Support Levels (Prices likely to stabilize):

1. $0.2900

2. $0.2670

3. $0.2428

Resistance Levels (Prices may struggle to rise above):

1. $0.3300

2. $0.3577

What Should You Do?

1. If You're Looking to Buy: Wait for the price to dip closer to $0.2900 or below. This is near the support zone, offering better entry.

2. If You're Holding $STEEM : Watch the resistance level at $0.3300. If the price breaks above, you might want to hold longer. Otherwise, consider selling to lock in profits.

3. If You're Unsure: Observe the market; high volatility suggests caution.

Crypto markets are highly risky. Always set stop-loss orders to limit potential losses and trade only with money you can afford to lose.

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