On my previous blog post, I wrote that the steem could possibly hit $6 soon as it tended to broke a resistant level at $3.4. Let's look at the chart now,
You can see, It's now loosing it's upward momentum and falling from $4.5 to $3.6. I think it's going to taste the support which is at $3 level. And we have to look closely what price action it will show from that level.
If it will be able to break below that level then it might fall again $2.6. Let's see what future price action says. Right now it's not wise to get into any trade. But to be patience and wait for a price action confirmation.