$STEEM is moving fast — this is where I would stop chasing and watch the reaction.
What stands out here is that volume is running about 4.4x its recent pace, the 1H move is +4.02%, and open interest is up 4.6%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bullish, and the current 1h structure agrees. That keeps the advantage with buyers for now.
The next test is around $0.0476. A clean hold above that area would strengthen continuation; rejection there would make a pullback more likely.
Would you chase $STEEM here, wait for the retest, or stay out?
#STEEM #Trading
Trade plan: LONG
Entry: $0.06417
SL: $0.04312
TP1: $0.08522
TP2: $0.10626
TP3: $0.12731
What stands out here is that volume is running about 4.4x its recent pace, the 1H move is +4.02%, and open interest is up 4.6%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bullish, and the current 1h structure agrees. That keeps the advantage with buyers for now.
The next test is around $0.0476. A clean hold above that area would strengthen continuation; rejection there would make a pullback more likely.
Would you chase $STEEM here, wait for the retest, or stay out?
#STEEM #Trading
Trade plan: LONG
Entry: $0.06417
SL: $0.04312
TP1: $0.08522
TP2: $0.10626
TP3: $0.12731
