$STEEM
BULLISH REVERSAL STRUCTURE BUILDING FOR CONTINUATION MOVE
$STEEM is showing strong bullish recovery momentum after a sharp expansion from the recent demand zone. Price is trading above MA(7) and MA(25) while reclaiming MA(99), signaling a shift from consolidation to bullish continuation. The alignment of short-term averages indicates growing upside pressure.
The structure now reflects a higher low formation followed by an impulsive breakout toward recent highs. Volume expansion supports the breakout, suggesting accumulation rather than a temporary spike. As long as price sustains above the reclaimed support region, continuation toward upper liquidity zones remains the dominant scenario.
Technical Confluence:
Price holding above key moving averages
Breakout from short-term consolidation range
Increasing volume confirming bullish intent
Higher low formation signaling trend reversal
Targets: TP1: 0.06200
TP2: 0.06650
TP3: 0.07200
Stop Loss: SL: 0.05200
Risk Management: Risk a maximum of 1–2% per position and trail stop loss after TP1 to secure gains while allowing further upside expansion.
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