$STEEM
/USDT bouncing slightly after a steady bleed from the 0.066 zone, now trading 0.0573 with +10% on the session but still structurally heavy. On the 15m chart price is pinned under MA7 (0.0579) and well below MA25 (0.0605), confirming short-term downtrend pressure. MA99 at 0.0569 is acting as the last dynamic support and just caught the wick.
This is a critical reaction area. Holding 0.056–0.057 keeps a relief bounce scenario alive toward 0.059–0.060 where sellers previously stacked. Reclaiming MA25 would signal momentum shift. Failure to defend MA99 likely opens a fast flush toward 0.055 liquidity.
Trend is bearish but stretched after multiple red candles, so snapback volatility is likely. Watch for fake breakdowns and aggressive wicks. Key levels: resistance 0.0605, support 0.0569, breakdown level 0.055. Direction will be decided at this floor.