π Finora AI Outlook - $STEEM 15m - The current trend is clearly bearish, the price is under pressure, and the resistance levels appear strong, especially with significant selling pressure above the 0.0648 and 0.0652 levels. - The price has the potential to drop to the support levels of 0.0643 and 0.0642. A short-term long opportunity might arise here after a manipulation, but my main scenario remains bearish. - If the price achieves a 15m close above 0.0648 and subsequently forms a strong reversal pattern (e.g., Engulfing, Pin Bar, or Liquidity Sweep) in a lower timeframe, a short-term long attempt could be considered. However, my main outlook remains that the decline will continue as long as we stay below 0.0648. - The best scenario for shorting is if the price reacts to the 0.0645-0.0648 range and faces selling pressure there, then turns downward again. A clear retest and bearish candlestick formation should be expected here... β οΈ No financial advice. Finora AI β your trading partner. Get detailed analysis for every coin and free trading signals π https://t.co/x4LZ2VlBlZ
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.