$STEEM /USDT – Consolidating Near Support with Narrow Bollinger Bands
$STEEM is trading at $0.1489, down 1.85% on the day, reflecting a mild pullback as it hovers at the middle Bollinger Band, suggesting consolidation.
📊 Market Overview
• Current Price: $0.1489
• 24h High: $0.1530
• 24h Low: $0.1452
• 24h Volume:
• STEEM: 6.42M
• USDT: $957.5K
Bollinger Bands (20, 2):
• Upper Band (UP): 0.1512
• Middle Band (MB): 0.1489
• Lower Band (DN): 0.1465
MACD:
• DIF: -0.0007
• DEA: -0.0008
• MACD Histogram: +0.0001 (very weak momentum)
📈 Bullish Setup
If price bounces off the lower Bollinger Band:
• Entry: 0.1465 – 0.1480
• Target 1: 0.1512
• Target 2: 0.1535
• Stop-Loss: 0.1440
📉 Bearish Setup
If STEEM fails to hold the midline and breaks support:
• Entry: 0.1450
• Target 1: 0.1420
• Target 2: 0.1390
• Stop-Loss: 0.1490
Analysis:
STEEM is trading sideways with low momentum. Bollinger Band compression suggests a possible breakout ahead. Keep an eye on volume spikes and MACD direction for confirmation.
Your Move:
Watch for a close outside the Bollinger Bands—this could signal the next directional play.