Steem Holding Its Long Term Support Zone near 0.0002 BTC
Steem prices have corrected in line with BTC. And now it is trading near to its long term apprx support level of 0.0002 BTC.
If bear market continues then steem to BTC conversion will remain between 0.0002 - 0.0001 BTC. And in Dollar terms 0.7-1.5$ for long time. If that happens then it will be great opportunity for investors to buy in steps to average out the buying cost.
Overall I now consider this to be buying opportunity in steps before next bull run which can come tomorrow or next year but downside risks are now minimum.
Note -This is not investment advisory but just my opinion.
Always buy when its Red ;-)
right
Good opinion
Thnx