🤖 AI Insight

Based on the provided 1-hour technical analysis, the Steem token (STEEMUSDT) shows mixed signals with a decrease in volume trend. Here's a breakdown of the key indicators:

1. Price: $0.1297
2. 7-hour EMA: $0.13051208832331
3. 25-hour EMA: $0.13045673501077
4. RSI (14): 43.306010483837
5. MACD: $0.0001284610727218
6. Resistance: $0.1357
7. Support: $0.1273
8. Average Volume: $201,468.427
9. Volume Trend: Decreasing

The MACD and Resistance levels indicate a potential bullish trend, but the RSI value in neutral territory and the decreasing volume trend don't provide clear buy signals. Considering these factors, the best approach in this situation would be to monitor these key indicators over time before entering the market. We recommend the following course of action:

1. Best Long entry: Wait for the RSI to exit the neutral zone and move towards the oversold area (below 30). Ensure the MACD histogram is positive and crosses the signal line, signaling a bullish trend. Additionally, the asset price should be settling above the resistance level (0.1357). While waiting, it seems reasonable to follow the asset closely.
2. Best Short entry (Short on the move): Enter a short trade when the RSI moves above 70 or reaches overbought territory, the asset crosses below the EMA7 or 25-hour moving averages, and the MACD histogram moves south and crosses below the signal line, indicating a bearish trend. When entering a short trade, it is recommended to target support levels (such as 0.1273) upon confirmation of the indicator signals and price action.

Follow the asset closely for further confirmation before placing Long or Short trades on SteemUSDT. It is vital to check the news, market sentiment, and potential fundamental changes to assess the overall market and Steem's performance before making a move. By being cautious and watching the indicators closely, you can determine the most proper entry points for Long or Short trades based on analysis of the provided technical indicators.