$STPT /USDT 15m chart based on structure, CHoCH/BoS, demand/supply zones, and RSI context:
š§ Technical Analysis Summary
š Market Structure
Multiple CHoCH confirmations in both directions.
Recent bullish CHoCH followed by sharp move into supply zone (0.0620ā0.0640).
Current rejection wick suggests selling pressure at this resistance.
š Demand/Supply Zones
š„ Supply Zone: 0.0620ā0.0640 ā clearly respected with sharp rejection.
š© Demand Zone: 0.0580ā0.0585 (current price rebounding from this region).
Trendline support still holding; confluence with demand zone adds strength.
š RSI
RSI is around 47.5ā55.7 ā slightly bearish but no extreme signals.
Suggests some cooling off after aggressive move up.
šÆ Actionable Outlook
š Potential Bullish Scenario
Entry: Rebound confirmation from $0.0580ā$0.0585 (current zone).
SL: Below $0.0575 (below demand + trendline)
TP1: $0.0605 (structure retest)
TP2: $0.0625ā0.0640 (revisit of recent high)
ā ļø Bearish Risk
If price breaks below $0.0580 with strong volume and closes under demand zone, expect drop toward $0.0560ā$0.0550.
Avoid longs until new bullish CHoCH or BoS forms from lower level.
š§ Conclusion
Short-Term Bias: Cautiously bullish as long as $0.0580ā$0.0585 demand holds.
Confirmation Needed: Reclaim of mid-levels (e.g., $0.0605) with bullish volume.