๐ STEEM Analysis โ Oversold Bounce or Trap? ๐
๐ง STEEM is a legacy altcoin from the social blockchain era. While interest has faded, technical signals suggest a possible short-term bounce from oversold conditions.
๐ Technical Analysis
- Short-term trend: Bearish, with signs of stabilization
- Support: $0.1265 | Resistance: $0.1330
- Pattern: Descending wedge forming on 4H chart
- Volume: Low but steady, no major spikes
- RSI: Hovering near 38, oversold zone
- Outlook: Neutral to slightly bullish if price holds above $0.1270
๐ฐ Market Data & News
- Current Price: $0.1274
- 24h Change: โ2.91%
- No major headlines; sentiment remains muted
๐ Scenario Breakdown
- Bullish Case: Break above $0.1330 could trigger bounce toward $0.145. TP: $0.145 / SL: $0.125
- Bearish Case: Drop below $0.1265 confirms continuation. TP: $0.118 / SL: $0.130
๐ Sentiment Meter
๐ Neutral โ Range-bound, no clear direction
โ ๏ธ Risk Level
๐ก Medium โ Oversold bounce possible, but weak volume
๐ฌ Will STEEM reclaim $0.133 or slide toward $0.1265? Share your take below ๐
๐ This trade is part of a bigger pictureโclick the chart and take your position. Letโs build long-term success, one setup at a time. ๐ฌ Like, Follow & Share to stay ahead of the curve.
๐ข Reminder: This is educational content. No guarantees, no adviceโjust charts, data, and perspective.
STEEM #TheCryptoMalik
