Post breakout rejection with bearish continuation forming

Entry $0.0565 to $0.0595

Stop Loss $0.0625

TP1 $0.0520

TP2 $0.0480

TP3 $0.0440

Why this setup

$STEEM printed a parabolic spike toward $0.0650 followed by strong rejection and consecutive bearish candles. Structure has shifted to lower highs on 1H and momentum is fading after the blow off top. Losing $0.0560 opens room toward the $0.0520 liquidity zone and deeper retrace into prior consolidation.

Will $STEEM continue unwinding the spike and revisit $0.0520 next?

Buy and Trade $STEEM

STEEM

0.0582

+12.35%

STEEM

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