TECHNICAL OVERVIEW $STO
* **Current Price:** \$0.1698
* **24H High/Low:** \$0.1810 / \$0.1679
* **Short-Term Trend:** Downward momentum after a failed breakout near \$0.1820
* **RSI (6):** 24.5 (Oversold zone)
* **Volume:** Declining slightly with spikes near price peaks
* **Moving Averages:**
* MA(5): 1,147,078.2
* MA(10): 1,309,861.2
* Price is below both MAs = bearish sentiment
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### ๐ **Chart Observations:**
* Recent **resistance** was hit at **\$0.1820**
* **Support zone** around **\$0.1675 โ \$0.1680**
* RSI suggests **oversold**, which may signal a short-term bounce
* Momentum is weak with sellers currently in control
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### โ **Trade Signal (Short-Term Swing)**
**Trade Type:** Short-term **long (buy)** position based on potential RSI bounce.
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#### ๐ฅ Entry Point(s):
* **Primary Buy Entry:** \$0.1680 (near current support zone)
* **Conservative Entry:** \$0.1675 (if price dips slightly further)
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#### ๐ Stop-Loss Placement:
* **Below Support:** \$0.1650
* This level gives enough space to avoid false stop-outs while protecting against a breakdown.
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#### ๐ฏ Take Profit Targets:
* **TP1:** \$0.1735 (minor resistance + near MA10)
* **TP2:** \$0.1780 (next resistance zone before last high)
* **TP3 (Aggressive):** \$0.1810โ\$0.1820 (recent high)
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### โ ๏ธ Risk Management:
* **Risk/Reward Ratio:** Aim for at least 1:2
* Use **small position size** as STO/USDT seems to have volatile swings and may be illiquid at times.
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### ๐งพ Summary:
| Action | Price |
| --------- | -------- |
| Buy | \$0.1680 |
| Stop-Loss | \$0.1650 |
| TP1 | \$0.1735 |
| TP2 | \$0.1780 |
| TP3 | \$0.1810 |
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