$STEEM Spot Setup: Base Holding Firm at Support
$STEEM is showing constructive spot price action around $0.0643 after testing the support floor.
Price completed a clean floor-test sweep on drying volume, followed by a decisive green reclaim candle (0.41x average volume) confirming buyers are actively absorbing supply at the base.
Execution Plan:
• Entry Zone: Accumulating in the $0.0620 - $0.0643 range while the floor holds.
• Invalidation: If the 1D candle closes below $0.0601, we cut the trade immediately without arguing with the market.
• Profit Targets: Targeting the 30-day structural high at $0.0930 (yielding a clean 9.8:1 risk-to-reward) to lock in gains and secure capital, leaving runners for $0.1263.
Patience and strict risk control determine longevity in spot trading. Protect your capital and do your own research.
$STEEM #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Notes: Independent spot research journal and strict capital preservation rules (DYOR).
$STEEM is showing constructive spot price action around $0.0643 after testing the support floor.
Price completed a clean floor-test sweep on drying volume, followed by a decisive green reclaim candle (0.41x average volume) confirming buyers are actively absorbing supply at the base.
Execution Plan:
• Entry Zone: Accumulating in the $0.0620 - $0.0643 range while the floor holds.
• Invalidation: If the 1D candle closes below $0.0601, we cut the trade immediately without arguing with the market.
• Profit Targets: Targeting the 30-day structural high at $0.0930 (yielding a clean 9.8:1 risk-to-reward) to lock in gains and secure capital, leaving runners for $0.1263.
Patience and strict risk control determine longevity in spot trading. Protect your capital and do your own research.
$STEEM #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Notes: Independent spot research journal and strict capital preservation rules (DYOR).