STEEM/USDT is showing signs of a bullish reversal after testing a key demand zone around 0.1392–0.1473. Price has respected the 0.705 Fibonacci level and formed support at 0.1485, suggesting potential for an upward move.
Trade Setup:
Entry: 0.1485
Stop-Loss: 0.1392 (below demand zone)
Target: 0.1745 (previous high / 0 Fibonacci)
Risk:Reward Ratio: ~1:2.8
A clean rejection from support with confluence of Fibonacci levels and a possible breakout structure. As long as price stays above the demand zone, long bias remains valid.
Not financial advice. Always do your own research.