$STEEM USDT PERP — Post-Breakout Consolidation Zone
STEEM exploded out of the 0.045 demand base, delivering a vertical impulse that peaked at 0.062 liquidity resistance. The rally was fueled by aggressive volume expansion, confirming strong speculative inflow. After the spike, price entered a controlled pullback and is now stabilizing above mid-range support — a classic bullish continuation base rather than full distribution.
Market Structure: Bullish Breakout Holding Structure
Momentum: Cooling but structurally strong
Key Resistance: 0.06200
Key Support: 0.05550 – 0.05200
Trade Setup — Continuation Positioning
EP: 0.05580 – 0.05760
TP1: 0.06200
TP2: 0.06680
TP3: 0.07150
SL: 0.05170
As long as price defends the 0.055 structure shelf, buyers remain in control for another expansion leg toward and beyond 0.062. A confirmed breakout opens liquidity into the 0.068+ zone. Loss of 0.05170 support invalidates bullish continuation and exposes the market to deeper retracement risk. Controlled entries favored while volatility compresses after the impulse.
