$STEEM VERTICAL BREAKOUT — MOMENTUM WITH CAUTION
STEEMUSDT
Perp
0.06411
+10.24%
$STEEM has exploded from the 0.058 base into the 0.073–0.074 zone with consecutive strong bullish candles and rising volume. This is clear momentum expansion after consolidation, showing aggressive buyer control. However, price is now approaching short-term resistance, and after a near-vertical move, pullbacks are healthy and expected.
If $STEEM holds above 0.068–0.070 on dips, continuation toward 0.078–0.085 is realistic. A loss of 0.066 would likely trigger a deeper retrace toward the prior breakout zone.
Profitable approach: avoid chasing green candles. Wait for pullback confirmation or breakout close with volume. Protect capital, trail stops, scale profits.
Momentum is strong — discipline decides the outcome.