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Technical Analysis: Bearish Trend - $STPT

/USDT

Current Price: 0.06297 USDT

Trend: Bearish

The market sentiment for STPT/USDT is showing a potential continuation of the bearish trend. With recent price action breaking below key support, we expect further downside.

Entry Level: 0.06500 USDT (Short position)

Target Level 1: 0.06000 USDT

Target Level 2: 0.05500 USDT

Stop Loss: 0.06800 USDT (Above recent resistance)

Reasoning:

The price is struggling to hold above support levels, and with the recent rejection at 0.06500, a short position might be ideal. The targets represent potential support zones where the price may find buyers. A stop loss above 0.06800 offers protection in case of a reversal.

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