Steem is currently experiencing a notable surge in trading volume (+709.27% in the last 24 hours), which is significantly higher than its market cap, indicating strong market activity. The recent 6.62% price increase reflects bullish sentiment, but the high volatility range ($0.1995-$0.2799) suggests potential pullbacks.
This signal suggests a cautious approach, as the asset trades near a key resistance level. The stop loss at $0.2078 is strategically placed below support, while the target profit range aligns with the current momentum-driven price action. STEEM’s all-time high ($8.57) remains a distant historical reference, underscoring the importance of risk management.
Trading Signals:
Action: Sell
Entry Range: Current Price
SL: $0.2078
TP: 8%-25%
🥂 Trade Here👇
https://accounts.binance.com/register?ref=36629520
🚨 Note: Trade at your own risk; this signal is not guaranteed. DYOR.