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Day Trading STEEM on a Monday Morning

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Hey guys,

Wow. What a weekend. 🌪

I don’t know about you, but I’m feeling a little dusty on Monday morning. A proper up, down, around of emotions and fun. I hope yours was something similar!

Anyway, let’s get onto the markets and a nice crypto day trading setup in STEEM to hopefully start our week off on the right foot.

Remember the STEEM triangle pattern we were watching? Well obviously it broke to the downside and with nothing to hold it up, dropped straight to the swing low support level here:

STEEM/USD Daily

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Well with this level now looking like holding, it can be used as our higher time frame support level to get us interested in long trades.

Now zoom into an intraday chart and take a look at the hourly:

STEEM/USD Hourly

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If we’re looking for longs, we want to be buying short term pullbacks into previous short term resistance and use them as support levels to buy off.

The idea of doing this is to get the optimal entry with really tight risk:reward ratios that allow us to go for bigger winners.

Looking for new highs here.

✌🏻.




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Day Trading STEEM on a Monday Morning was published on and last updated on 06 Aug 2018.