$STEEM – BEARISH BREAKDOWN IN PLAY ⚠️📉
$STEEM ($STEEM) is losing momentum with repeated failures to reclaim higher levels. Price is hovering just above key support, and a breakdown could invite more selling. Bears are currently in control.
🔍 CURRENT PRICE: $0.1272
📊 TREND: Bearish on short to mid timeframes (1H/4H)
📉 KEY LEVELS TO WATCH:
🔼 Resistance Zones:
$0.1300 – Minor resistance
$0.1328 – 24h High / Strong resistance
🔽 Support Zones:
$0.1266 – Immediate support
$0.1220 – Breakdown target
🚨 TRADE SETUP (SHORT ENTRY):
Entry: $0.1270–0.1280 (on retest after breakdown)
Stop Loss (SL): $0.1305
Take Profit (TP):
🎯 TP1: $0.1240
🎯 TP2: $0.1220
Risk/Reward Ratio: ~2.2+
🛡️ RISK MANAGEMENT:
Always risk only 1-2% of your capital. Use hard SL, avoid emotional trading.
💣 STEEM is sinking under pressure – short rallies, don’t chase bottoms!
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