🔥 Analysis of coin $STEEM 🔥
🔹 Technical Structure (Daily): The price is going through a phase of strong recovery after stabilizing above the historical bottom of $0.0339$, where it managed to break through the major moving averages and is now facing nearby daily resistance. The RSI at 77 indicates an approach toward “inflation” zones, which requires waiting to enter at the momentary support areas.
🔹 Suitable Entry (15-minute timeframe): Place buy orders on the pullback and test the nearby support lines between: $0.0596 - $0.0560$
🔹 Exclusion Condition (Market): A breakout and stabilization above the current resistance of $0.0645$ with a full 15-minute candle.
🎯 Targets
• First target: 0.0680
• Second target: 0.075
• Third target: 0.084
🚫 Stop Loss (close below $0.060$)
🔹 Technical Structure (Daily): The price is going through a phase of strong recovery after stabilizing above the historical bottom of $0.0339$, where it managed to break through the major moving averages and is now facing nearby daily resistance. The RSI at 77 indicates an approach toward “inflation” zones, which requires waiting to enter at the momentary support areas.
🔹 Suitable Entry (15-minute timeframe): Place buy orders on the pullback and test the nearby support lines between: $0.0596 - $0.0560$
🔹 Exclusion Condition (Market): A breakout and stabilization above the current resistance of $0.0645$ with a full 15-minute candle.
🎯 Targets
• First target: 0.0680
• Second target: 0.075
• Third target: 0.084
🚫 Stop Loss (close below $0.060$)