Trade Recommendation: STEEM

The trading idea is based on a trend reversal signal. The price broke SMA100 and we should expect for further upward movement. DMI and MACD give bullish signals. We can use the local high for placing pending orders for buy. Entry level is 0.000260 with stop orders at 0.000080 level. Profit targets are 0.000640 and 0.000900 resistance levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Buy: 0.000260
Stop: 0.000080
Profit Targets: 0.000640 and 0.000900

The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in STEEM.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.