$STO AT A CRITICAL DECISION ZONE – BREAKOUT OR PULLBACK AHEAD?
$STO is currently trading at $0.1719, showing signs of recovery after dipping to $0.1605. However, price action remains choppy and range-bound, suggesting a volatile move may be just around the corner.
Key Technical Levels to Watch:
• Resistance Zone: $0.1740 – $0.1758
A clean breakout above this zone could ignite a move toward higher targets at $0.1790 and $0.1840.
• Support Zone: $0.1700 – $0.1680
A breakdown below this area could invite fresh selling toward $0.1650 and $0.1600.
Trade Setup – Prepare for Directional Move:
Bullish Scenario:
A strong breakout above $0.1740 with volume could target:
• TP1: $0.1790
• TP2: $0.1840
Bearish Scenario:
A drop below $0.1700 support may trigger downside momentum toward:
• TP1: $0.1650
• TP2: $0.1600
Stop-Loss:
Use tight stops above or below key levels to control risk depending on trade direction.
Watch for decisive candle closes before entering positions—volatility is expected soon!