As seen on weekly chart, STEEM broke previous triangle formation and later also 20k support. Now 15k level is acting as strong support, has been retested several times. If STEEM won't hold this, I expect it to visit levels around 13k.
Trade idea:
- short entry at 49k
- target at 13k1 (will watch how it will behave around this level and adapt if necessary)
- stop loss at 15k9 (just to avoid initial spikes, can be lowered later)
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade idea:
- short entry at 49k
- target at 13k1 (will watch how it will behave around this level and adapt if necessary)
- stop loss at 15k9 (just to avoid initial spikes, can be lowered later)
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Comment:
And 30 minute chart:
Comment:
Target changed to 13k25.
Trade closed: target reached:
Successful trade.
STEEM did a pullback to 0.382 and is now fighting 0.236 level on downside.