Hello traders,
In today’s analysis, we’re taking a closer look at S-token and its current price action. The current structure shows two converging trendlines, often referred to as dynamic support and resistance. These lines are forming an apex, a pressure point where price will soon be forced to make a decisive, impulsive move. At present, price is sitting at clear resistance, and what happens here will shape the next trade opportunity.
S-token is currently trading at key resistance within a converging structure.
A rejection here could send price back to the lower dynamic support.
A break below support followed by a quick reclaim offers a strong long opportunity.
This setup allows for a high-reward entry if patience is exercised. A deeper retest of support will not only confirm the range but also present a more reliable long entry with tighter risk management.
Until then, price remains capped by resistance. Traders should remain reactive, watching for either a clean breakout or a breakdown and reclaim scenario to confirm the next leg of the move.