⚠️ $STEEM /BTC BEARISH REJECTION — WEAK STRUCTURE SIGNALS PULLBACK RISK
$STEEM /BTC is showing signs of exhaustion after tapping 0.00000102 and failing to sustain above short-term resistance. Price is now hovering around MA(7) and slightly below MA(25), indicating weakening short-term momentum. MACD is flattening near zero with slight bearish bias, suggesting loss of buying pressure. Unless bulls reclaim 0.00000095+ quickly, a corrective pullback is the higher-probability scenario.
📊 Trade Setup
Entry Zone (Short Bias):
0.00000090 – 0.00000093 (rejection area)
Take Profits:
TP1: 0.00000086
TP2: 0.00000082
TP3: 0.00000078
Stop Loss:
0.00000097 (above local resistance)
📈 Market Outlook
Trend: Weakening after failed breakout
Momentum: Flat to bearish (MACD neutral/negative)
Key Support: 0.00000086 → 0.00000082
Key Resistance: 0.00000096 → 0.00000102
If price fails to reclaim 0.00000095 decisively, downside continuation toward the 0.00000082 region becomes likely. Reclaiming 0.00000100 would invalidate bearish pressure and shift bias back to bullish.
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