STEEM Is Eyeing $1.50 Support After Sunday Blood Bath
Steem broke some major supports like everything else today. The Sunday pullback was huge for STEEM as well as all of the other big cryptos. Now, we are looking at the coin seeing a continued pullback to test $1.50.
This level has been significant, and is much needed to hold prices above the $1.00 level. It's uncertain at this point how much better the markets can get and if these cryptos can hold any levels. We are seeing SBD break down to the $1.30 level. Likely we will eventually see SBD pull back to the expected $1.00 level.
If STEEM keeps pulling back, I think this will actually be a good sign. There will eventually be a point where people will rally and buy this huge dip. Prices so low mean stocking up and getting great returns some day when STEEM returns to find higher over $8.00.
Overall I'm not worried. STEEM is basically my only long term investment and hold at this point. I trade everything else, but I absolutely LOVE STEEM!!! We have a great crypto here, so try doing what I do and turn all of your reward money into Steem Power and ride it out!!
Up up and away!
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