$STEEM /USDT 📊
STEEM just delivered a strong impulsive move from the 0.0510 zone to a high near 0.0700, followed by a healthy pullback and consolidation around 0.060–0.062.
🔍 Key Observations:
• Sharp breakout backed by volume expansion
• Currently cooling after a vertical pump
• RSI holding near mid-zone (~52) — not overbought anymore
• Short-term structure forming a bull flag / consolidation range
📈 Levels to Watch: • Support: 0.0585 – 0.0560
• Strong Support: 0.0510
• Resistance: 0.0630 – 0.0665
• Breakout Target: 0.0700+
💡 Outlook:
As long as price holds above 0.056, the bullish momentum remains intact. A clean reclaim of 0.063 could trigger another leg toward the 0.070 resistance zone.
Loss of 0.056 may lead to a deeper retracement before continuation.
⚠️ After a parabolic move, expect volatility and fakeouts. Wait for confirmation before chasing.