#我在Gate广场过新年 $STEEM 1H level has just completed an epic breakout, with a single candlestick increasing by over 18%, currently in a strong consolidation at high levels. A large bullish candle on the 4H chart directly engulfs the previous several candles, confirming a trend reversal. Although the 1H RSI(73) is somewhat high, combined with massive volume, negative funding rate, and stable holding volume, this is a typical pattern of major players clearing out floating positions after a rally, making dips an opportunity.

🎯Direction: Long (Long)
⚡Entry/Order: 0.0648 - 0.0650
🛑Stop Loss: 0.0633
🚀Target 1: 0.0680
🚀Target 2: 0.0710
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 0.0650. Hold the remaining position for Target 2; if the price falls below the trailing stop, exit all.
(Depth Logic: The core lies in capital flow and order book. The 1H trading volume surged nearly 100 times, which is real buying pressure that cannot be faked. Open interest(oi_trend) remains stable after the price surge, indicating it’s not a short squeeze but rather active accumulation by the bulls. The funding rate is -0.2332%, fueling a short squeeze scenario. The order book depth shows buy orders densely packed in the 0.06524-0.06535 range, providing strong support below. The 1H EMA20 (0.0587) has turned into a strong support level; a dip that doesn’t break this level is a good entry point for a second buy. )
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