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$STEEM looks super bullish right now!
We had a clean breakout from the old resistance at ~$0.062 with massive volume— that 4h candle spiked to 66.6M volume, and the following green candles kept it high (like 33.9M on the latest one). Classic high-volume breakout, real buying pressure behind it, not just noise.
Capital flow wise: perpetuals are heavily net positive (6h +113k, 24h +173k), so leverage is fueling this pump. But spot flow is consistently negative (24h -180k, 7d -291k). This means the rally is mostly futures-driven speculation, which = higher volatility and risk of sharp reversals if longs start unwinding.
*My take
$STEEM : Cautiously bullish (.
- Best entries: Wait for a pullback to old resistance-turned-support around $0.069–$0.0695 (nice confluence with MA5), or deeper to $0.0664–$0.0668 (MA20 + Bollinger middle band). If you're aggressive, enter small on a break above $0.0729.
- Stop-loss: entry at $0.069 → SL below $0.067
- Targets
$STEEM : First one at Resistance $ 0.0759, then $0.0793 (next resistance)
I'm leaning long but not going all-in—too much leverage in play, easy to get shaken out.
#STEEM #STEEMUSDT