🎯 STEEM is up +29.2% on INSANE volume — $20.5M traded, that's 7.11x its average. This is the highest volume spike on my entire watchlist today.

At $0.0622, this social media token is having a serious run. Let me break down what I see:

📊 Chart Analysis:

• 4H RSI: 63.9 — NOT overbought! Room to push higher
• Daily RSI: 82.4 — bullish but approaching extreme
• MACD bullish on both timeframes
• Price above SMA7 ($0.0641) on 4H — wait, price JUST dipped below the 4H SMA7. This could be the pullback entry.
• Daily structure: price well above SMA7 ($0.0484), SMA25 ($0.0452), and SMA99 ($0.0412)

The key here: 4H RSI at 63.9 while daily RSI is 82.4. This divergence means the 4H has room to run even as the daily gets stretched.

🎯 Trade Plan (LONG on dip):

→ Entry: $0.0578 – $0.0665 (the full 4H range)
→ Stop Loss: $0.0447 (below daily SMA25 — if we lose this, trend is broken)
→ TP1: $0.0685 | TP2: $0.0671 | TP3: $0.0696

Risk/reward: 0.4:1 but the 7x volume surge suggests conviction behind this move.

💡 The volume ratio of 7.11x is the real signal. When volume explodes like this, it often marks the beginning of a multi-day move, not just a one-candle spike.

🤔 Social tokens are having a moment. Is STEEM leading the charge?

#STEEM #SocialFi #DYOR

⚠️ Not financial advice. Social tokens are volatile. DYOR.