Buyers keep defending $STEEM, the 1H case
$STEEM · LONG · Conf 70%
Trade Plan:
Entry: 0.06965 - 0.07360
SL: 0.05759
TP1: 0.09300
TP2: 0.10407
TP3: 0.11513
TP4: 0.12620
R:R about 2.3 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
STEEM/USDT 0.07360, +58.01% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 68.6 with volume x1.19 against the 20-bar average.
- Invalidation is unambiguous: through 0.05759 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.06233 · 0.04631 · 0.04545 | R 0.09300
Debate:
RSI at 69: fuel for the squeeze, or the tell that only late buyers are left?
Trade STEEM: spot https://www.binance.com/en/trade/STEEM_USDT | futures https://www.binance.com/en/futures/STEEMUSDT
$STEEM #STEEM #Write2Earn #CryptoAnalysis #DayTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
$STEEM · LONG · Conf 70%
Trade Plan:
Entry: 0.06965 - 0.07360
SL: 0.05759
TP1: 0.09300
TP2: 0.10407
TP3: 0.11513
TP4: 0.12620
R:R about 2.3 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
STEEM/USDT 0.07360, +58.01% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 68.6 with volume x1.19 against the 20-bar average.
- Invalidation is unambiguous: through 0.05759 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.06233 · 0.04631 · 0.04545 | R 0.09300
Debate:
RSI at 69: fuel for the squeeze, or the tell that only late buyers are left?
Trade STEEM: spot https://www.binance.com/en/trade/STEEM_USDT | futures https://www.binance.com/en/futures/STEEMUSDT
$STEEM #STEEM #Write2Earn #CryptoAnalysis #DayTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
