Steem is preparing the next whale pump (It happens about once a week) but first it needs to slowly retrace to the comfort zone.
Do you think if will retrace to 7600 / 7400 levels before moving up again ?
The trend seems to fall into the FIB %
Possible Strategies:
If you hold STEEM: Sell now * 8000 buy back @ 7700 wait for pump sell @ 10500
Look for the volume... Usual volume in binance is about 60 - 70 BTC when it goes above 100 the action began... It can reach up to 300 BTC historically