LONG "STEEM" breaking out? Target $10. Double up opportunity
STEEM looks to be breaking out of a downward descending triangle on wave (D) instead of (E) bounce. Confirmation is still needed on the daily and so admittedly this post is early but we are in a buy range regardless.
A cloned fractal (purple line) is used to measure the target range.
RSI has bounce at the 50.
If you play this trade, ladder your buy-ins as mostly within the buy zone outlined. Place one or two above and one or two beneath, just in case. As always, never go all in. Never invest in only one marktet, crypto, or type. And always have 10-15% cash on hand.
Target is $10 area.
Good luck traders!
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