🔍 STEEM Technical Analysis – Breakout Incoming?
📊 Pair: STEEM/USDT
🕒 Timeframe: Daily
$STEEM is showing an interesting setup with bullish potential.
Key Highlights:
✅ Resistance Zone: Strong horizontal resistance around $0.032 – price has tested this level multiple times.
✅ Breakout Attempt: Price is now consolidating just below the resistance, suggesting accumulation and a potential breakout.
✅ Volume: Slight uptick in volume during the recent move upward – watch for a volume spike on breakout confirmation.
What to Watch:
📈 A daily close above $0.032 with volume could signal a breakout and open room toward $0.038–0.040.
📉 If rejected, look for support at $0.029–0.030 range.
🧠 Strategy Tip: Wait for confirmation before jumping in – fakeouts are common near horizontal resistance.