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
Note
Edit typo: entry price was 14k9 of course, not 49k :)STEEM did a pullback to 0.382 and is now fighting 0.236 level on downside.
Note
And 30 minute chart:Note
Target changed to 13k25.Trade closed: target reached
Successful trade.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.