$STEEM Price Analysis – Bulls Test Key Resistance at 0.1478, What’s Next?🤔🔐👇
Current Price: 0.1478 USDT
Timeframes Analyzed: 1D & 1H
1D Chart Overview: $STEEM has shown strong bullish momentum, breaking structure to the upside and retesting the major Change of Character (CHoCH) zone. Currently, the price is hovering at a key resistance level of 0.1478 USDT, which coincides with the 200 EMA.
Key Resistance Levels:📈
0.1478 (current barrier)
0.1606 (next upside target)
0.1813 (major resistance zone)
Support Levels:🪴
0.1409 (blue EMA support)
0.1336 (green dynamic support)
Stochastic RSI: Overbought zone (Blue: 91.67 | Orange: 89.69) – hints at potential short-term correction or consolidation.
1H Chart Overview: 📊
The hourly structure indicates some weakness near the highs, with multiple wicks rejecting the upper resistance area.
Price is consolidating above key EMAs (50, 100, 200), with yellow 200 EMA support at 0.1391 USDT.
Minor bullish structure still holds as long as price stays above 0.1432.
Stochastic RSI in 1H is deeply oversold (Blue: 22.87 | Orange: 28.25), which could trigger a bounce if buyers step in near support.
Strategy & Levels to Watch:🧑💻
Breakout Entry: Above 0.1485 with volume – target 0.1606, then 0.1813.✅
Dip Buy Zone: Between 0.1409 - 0.1432 if price respects EMA support.✅
Invalidation: Breakdown below 0.1390 flips bias to bearish short-term.☣️
Pro Tip: 👨🏫
Avoid entering late near resistance. Let the price reclaim 0.1485 or retrace to support for high RR setups.
👨❤️👨"Patience in trading is not the ability to wait, but how you act while waiting."
Stay composed—let the setup come to you.
Disclaimer: ⚠️
This is for educational purposes only. Not financial advice. Always do your own research before investing.