$STO Trading Signal & Fake Breakout
Marking the Fake Breakout:Breakout Time: Approximate UTC time of the peak (fake breakout attempt) is 23:20 UTC on May 3, 2025.Reversal Time: Confirmed reversal below 0.21 by 23:28 UTC on May 3, 2025.Mark: "Fake breakout above 0.21 at 23:20 UTC, reversed by 23:28 UTC, volume spike on reversal."
Trading Signal:Signal: Sell or short STOUSDT,
targeting a drop toward 0.19 or lower,
with a stop-loss above 0.21 (e.g., 0.2120)
to protect against a true breakout.
Reason: Bearish reversal confirmed by price action, MACD crossover, and RSI decline, suggesting continued downward momentum.Monitor the next few candles (e.g., by 23:35 UTC) to confirm the trend.