🚀 $STEEM Ignites Momentum — Breakout in Play or Classic Bull Trap?
$STEEM is heating up fast, printing a strong +14% move and breaking cleanly above the EMA(7/25/99) on the 1H chart. This kind of structure often signals the start of a short-term trend expansion, especially when volatility spikes after a resistance sweep.
The key question now:
Is this the start of a sustained rally, or just a liquidity grab before a pullback?
At the moment, price is holding above the $0.057 zone, which acts as the short-term support. As long as this level holds, bulls remain in control and the chart structure favors continuation toward the recent highs.
📊 Trade Setup
LONG Entry: $0.05780 – $0.05920
TP1: $0.06220
TP2: $0.06450
TP3: $0.06800
Stop Loss: $0.05580
⚡ A clean hold above $0.05700 could fuel the next push toward $0.064–$0.068.
❌ A breakdown below $0.05580 would invalidate the breakout and open the door for a deeper correction.
Smart traders are watching this zone closely — momentum is building, and the next move could be fast.
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