: Beginner’s Guide to Trading STO/USDT
Market Analysis: STO/USDT has surged over 112% in one day and is now in a consolidation phase between $0.20 and $0.21.
Trading Strategy for Beginners:
1. Post-Surge Consolidation:
When price consolidates after a sharp move, wait for a breakout before entering.
2. Key Support and Resistance:
Support: $0.1986 (MA 25)
Resistance: $0.2131
3. Volume Check:
If volume rises sharply and the price breaks above $0.2131, it may be a good Buy signal.
4. Trade Setup Suggestion:
Buy Entry Zone: Between $0.2020 and $0.2050, especially if volume increases.
Target: $0.2130+
Stop Loss: $0.1950
#BinanceHODLerSTO #DigitalAssetBill $STO #SaylorBTCPurchase #BTCRebound #StablecoinPayments