Trades are all a little riskier now with BTC in a danger zone. If you are trading alts, you should have charted BTC first and have alerts set on it.
STEEM has been moving up, and the last increase was even druing a BTC decline.
1. Touching daily, longer term trend line. 2. On the .618 fib retracement of the move up. 3. The RSI is the same as the last 3 bounces off the trendline. 4. There is a history of support/resistance at this price. 5. SL will be set under the last swing low.