Cryptocurrency Pair Analysis STEEM/USDT Across Multiple Timeframes (M5, M15, H1 and H4) on "{{10-Jan-2024}}"

in hive-109435 •  last year  (edited)

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Cryptocurrency Pair Analysis by @danish578

I want to clarify that I am not assuming responsibility for anyone here, and this is not a signal. I am simply sharing my market perspective.

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Assalam Alaikum hope all will be well I am Danish Karim and I am going to share with you guys again STEEMUSDT analysis in multi time frame.

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STEEMUSDT

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M5

Assalam Alaikum, let's talk about the M5K chart of Steam USDT crypto on Monday, according to the M5K chart, Steam USDT is in an over-all sell trend, so we will find a sell opportunity in it now. In the market what we are seeing under the smart money concept is that there will be a little bit of buy move in the market and after the market inducement level is grabbed when the market will take the inducement level which is our trap where people sell. If the market grabs it, people will take stop loss, so a POI I have marked above, we will execute our sale entry from there and our TP will be Main Low M5. Now the extra in this is that the trend line has the cover that people are selling from the trend line, then the market will collect by losing the stops of all of them, and it will give a downward drop./div>

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M15

Now let's talk about the time frame of STEEMUSDT 15 that what the market shows us in M15. According to M15 also the market is in over all sell trend and we will find sell opportunity in that too and here But our sales opportunity will be same as SAM M5 and same as M5 we will sell it after the inducement level is crabbed we will find our sales opportunity from extreme POI and our target M15 main. The low will remain but we will book some partial profit in the middle and shift our stop loss to the entry point. /div>

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H1

Now let's talk about the time frame of STEEMUSDT H1, what can we expect in the STEEMUSDT in the time frame of H1. But we will not find any brother opportunity in this right now, the market will go down a little bit and after that we will find our buy opportunity below the level I have marked and above the liquidity as well. If so, the main high of the market will remain our TP, but if we look at it now, in this pair, we should find a sell trade according to a small time frame like M15 or M5 and hold it until the extreme POI of H1. /div>

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H4

Now let's talk about Steam USDT Monday's H4 time frame, what can we see in H4, what can we expect in the future, so according to H4, the market is in an overall buy trend, so we are in it. Right now, like Sam H1, as I mentioned, we're going to buy into it right now under the cell that I've marked as the POi, and our TP is going to be a main high of H4, but Partially in the middle we will book anywhere and shift the stop loss to the entry point but right now I would recommend that we shift to the lower time frame and execute our Sell according to m15 or m5 . We can keep TP till extreme POI/div>

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Thank you for visiting my post

Analyzed by@danish578
SourceTrading view
PairsSTEEM/USDT
CommunitySteem4Bloggers
Beneficiaries25% @null
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