In this analysis of STEEM/USDT current chart on Binance, under the Smart Money Concept Strategy, we pinpoint various buy and sell signals that result from changes in the overall structure of the market as well as institutional investors’ behavior Picture from trading view

Buy Point

• Strong Low (0. 1490 - 0. 2000): This is to mean that this blue-shaded area represents a crucial support point. Closely, when the price is at this zone and they seem to reverse like bullish candlesticks or there is a rise in the buying volumes then it is a signal for a call.

Sell Point

• High (0. 3350): The pink area at the bottom is an extreme resistance level. If the price gets to this zone and begins to display some reversal signals such as bearish candle, stretched selling volume, then it is time to sell.

Market Structure Analysis:

• Change of Character (CHoCH):Of the marks of the Norwegian company, the mouse (Figure 5) attracted a highly favorable response.

• The first CHoCH happens when there is a change of direction of prices from trend up to trend down. There is a chance to sell because the bullish pressure has probably left with this shift.

• The second CHoCH occurs when the price is at the bottom right of the bearish momentum and turning up to the top end of the bullish impulse.

• Break of Structure (BOS):

• A BOS is drawn if after a price trend has pulled back it goes lower than previous low suggesting continuation of the trend. It is a place that usually signals a confirmation of selling stakes.

Practical Application:

For Buying

• It is recommended to track the price as it gets near the area of the strong low zone that ranges from 0. 1490 to 0. 2000. Patterns like bullish engulfing candlestick, hammer should be observed to affirm entry point.

For Selling

• Track the price as it approaches the high zone and another set of signals at 0. 3350. Use several indicators to confirm the entry point of placing a bearish trade; such as – bearish engulfing candlestick or a shooting star.