$STEEM Breakout Watch: Bulls Charging Near 200 MA 🤔🔐🔑👇
Token: STEEM/USDT
Timeframes: 1H & 1D
CMP: $0.1515
Formed Candle & Chart Pattern Analysis:📊
$STEEM has shown a strong bullish BOS (Break of Structure) on the 1H chart with a clean breakout above multiple resistance levels. On the daily, price is respecting the 50 EMA and consolidating right under the 200 MA, creating a tight coil of potential volatility.
Trend Signal:📉
Bullish structure forming on both 1H & 1D
RSI hitting 100 zone, indicating aggressive momentum
Price battling $0.1585 resistance zone, a breakout above this will signal continuation
Why Bullish🤔🔥
Multiple BOS prints on 1H suggest institutional interest
Higher lows indicate demand absorption
Price currently pressing major resistance with rising volume
Best Trading Strategy Plan:🧑🏫
Entry: Aggressive at CMP ($0.1515), or conservative near $0.1485–$0.1470 retest✅
Target 1: $0.1585🎯
Target 2: $0.1740🎯
SL: Below $0.1450☣️
Risk-Reward: 1:2.5+
Community Takeaway:👨❤️👨
$STEEM is preparing for a decisive move. Watch for a daily candle close above $0.1585 to confirm continuation. Bulls seem ready to dominate if volume holds.
Disclaimer: ⚠️
This analysis is for educational purposes only and not financial advice. Always DYOR and manage your risk.