G’day crew,
Let’s crack open the STEEM chart and have a proper look at what’s been going on. While it might not have had the full fireworks display that HIVE just put on, there’s still plenty happening if you know where to look.
This liquidation heatmap is like a weather radar for the markets — and from the looks of it, there’s a storm building. Grab a cuppa, and let’s break it down.
For anyone new to this: a liquidation heatmap shows where leveraged positions are stacked in the market. The bright colours? That’s where it’s spicy — big clusters of traders are about to get stopped out or liquidated if the price nudges too far in the wrong direction.
Over the last three days, STEEM’s been in a bit of a holding pattern, stuck in a channel roughly between $0.13 and $0.16. But don’t mistake that for safety — it’s the quiet ones you’ve got to watch.
One of the clearest things on this chart is the massive bright yellow band between $0.16 and $0.162. This is where the herd has gone long with high leverage.
It's a textbook bull trap waiting to spring.
This area’s been the battleground. A lot of sideways price action, not a heap of liquidations — but it’s where traders are entering and exiting positions in uncertainty.
This is where the market's indecision is playing out right now.
As the price slipped from above $0.15, traders started layering in fresh longs down around $0.13 — probably thinking they’re buying the dip.
If the volume kicks up, this could be the next pain point.
Unlike HIVE, where you could feel the panic in the chart, STEEM’s volume has been relatively flat.
This isn’t the time to get complacent — it’s the time to watch for the breakout or breakdown.
Here’s the smart approach based on the heatmap:
The key is not to guess — use the heatmap to see where the crowd’s exposed. Then avoid standing in the same spot as everyone else.
| Aspect | STEEM | HIVE |
|---|---|---|
| Recent Price Action | Gradual decline, steady range | Sharp pump then dump |
| Heatmap Pressure | High at $0.16, growing at $0.13 | Intense above $0.30, building below $0.22 |
| Liquidation Clusters | Tight and focused | Broad and stacked at multiple levels |
| Trader Behaviour | Patient and cautious (so far) | Aggressive entries, rapid exits |
| Immediate Risk Zone | Below $0.13 | Below $0.22 |
| Likely Next Move | Breakout or flush coming soon | Already flushed, may bounce or bleed |
STEEM hasn’t blown up yet — but that might be the whole point. It’s sitting tight, pressure’s building, and a breakout (or breakdown) could be right around the corner.
The smart money watches what others ignore. And right now? The crowd's laying traps at $0.16 and $0.13. Don't be the one who springs them.
Be patient. Be sharp. Don’t be the kangaroo on the freeway.
