đ $STEEM /USDT Market Analysis
Current Situation: Following an impulsive rally, the asset has corrected to the 0.0508 USD level.
đ Key Metrics:
The Funding Rate is extremely negative (-0.92%), creating a high risk of a short squeeze.
Open Interest remains high (~38â40 million).
Whale positions show a predominance of shorts.
đŠ Trading Scenarios:
đą Long (on a rebound): Enter from the 0.0485 â 0.0500 USD support zone. Target: 0.0545 â 0.0600 USD. Stop-loss: below 0.0465 USD.
đŽ Short (with the trend): Enter on a rebound to 0.0540 â 0.0555 USD or upon a breakdown of 0.0500 USD. Target: 0.0480 â 0.0440 USD. Stop-loss: above 0.0585 USD.
â ïž Be mindful of high volatility and adhere to risk management practices.
Current Situation: Following an impulsive rally, the asset has corrected to the 0.0508 USD level.
đ Key Metrics:
The Funding Rate is extremely negative (-0.92%), creating a high risk of a short squeeze.
Open Interest remains high (~38â40 million).
Whale positions show a predominance of shorts.
đŠ Trading Scenarios:
đą Long (on a rebound): Enter from the 0.0485 â 0.0500 USD support zone. Target: 0.0545 â 0.0600 USD. Stop-loss: below 0.0465 USD.
đŽ Short (with the trend): Enter on a rebound to 0.0540 â 0.0555 USD or upon a breakdown of 0.0500 USD. Target: 0.0480 â 0.0440 USD. Stop-loss: above 0.0585 USD.
â ïž Be mindful of high volatility and adhere to risk management practices.