$STEEM is currently trading around 0.0677 USDT, posting a +6.95% gain in the last 24 hours. Price recently made a sharp impulse move from the 0.0630 demand zone, followed by a healthy pullback and now consolidation above support.
On the 1H timeframe, bullish candles are forming again, signaling continuation strength after a breakout and retest.
Market Structure & Momentum
Strong breakout from 0.0630–0.0640 base
Impulse move created a new higher high at 0.0686
Pullback respected higher low near 0.0664
Immediate resistance around 0.0686
This is a classic impulse → correction → continuation structure.
Trade Setup (Short-Term / Swing)
Entry Zone
0.0668 – 0.0676
(Buy on minor dips or continuation candles)
Targets
Target 1: 0.0686 (previous high / resistance)
Target 2: 0.0705 (breakout continuation zone)
Target 3: 0.0730 (extended move if momentum expands)
Stop Loss
0.0658
(Below the higher low — structure invalidation)
Bullish Scenario
If
$STEEM breaks and closes above 0.0686 with volume, price can accelerate quickly toward 0.070+, as there is little resistance overhead in the short term.
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