The overall trend in cryptocurrencies right now seems to be down, so there is a good possibility that Steem does head lower.
That said, the question is it a good by is answered in the affirmative. While it could still head lower, Steem at sub $1.00 is a good price. My feeling that over the next few years, with the expansion of the steemit site, that we will see a much higher price. Hence, anyone in at these levels is going to come out ahead.
I like the phase in since catching falling knives is tough. I am going to be a couple hundred dollars at this price with some more powder in the keg if we see sub $.90.