A $6,104 short position on $STO was just liquidated at $0.21326, which could signal a shift in market sentiment. When shorts get squeezed like this, it often adds upward pressure as forced buybacks push prices higher.
What this means:
Short liquidations occur when prices rise against bearish bets, forcing traders to close positions — often accelerating price gains.
This can spark a short squeeze, drawing in more buyers and fueling volatility.
Why it matters:
Increased volatility and momentum are likely.
A developing short squeeze could push $STO toward higher levels.
Key levels to watch:
Support: $0.2100
Resistance: $0.2200 to $0.2300
If momentum continues, a breakout toward $0.25+ is possible.
Pro Tip: Avoid chasing price spikes. Look for confirmation or wait for healthy pullbacks to support levels before entering.
Stay alert — this move could be the beginning of a larger trend.
