This looks like a bullish short-term trade idea for $STPT/USDT based on technical analysis. Here's a quick breakdown of the key points and what they mean:
Trade Setup Summary:
Entry Zone: $0.0695–$0.0705
(Ideal range to enter the trade while price consolidates near support)
Target Prices:
TP1: $0.0730
TP2: $0.0755
TP3: $0.0785
(Gradual take-profit levels based on expected upward momentum)
Stop Loss: $0.0675
(Risk management to limit losses in case of reversal)
Market Insight:
Price pulled back healthily and is showing bullish wicks at support, indicating buying interest.
A 15-minute candle close above $0.0710 with increasing volume may confirm a breakout and further upside.
Current Price: $0.07117 — already testing breakout zone.
If you're planning to take this trade, it’s crucial to:
1. Monitor volume and lower timeframe price action (5m–15m).
2. Stick to your stop-loss, especially if momentum fades.
3. Scale out profits at each TP level to lock in gains.
