Well all crypto currencies have seen a big draw down over the last few weeks as ICO money exits the markets quickly.
Because of that, we are seeing some nice price opportunities we haven't seen in a long time.
Since STEEM broke down below the 0.000554 resistance level, it has continued down. Bouncing off 0.000525
It needs to get back about 0.000554 otherwise it might continue this new move down with all the other crypto currencies.
The order book looks positive and I know a lot of big STEEM folks have been doubling down on STEEM over the last two weeks. Looks positive for a bounce, let's see how it plays out today.
Keep your stop limits tight to ensure you don't loose what you've gained.
