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🚨 Binance Technical Analysis - Bearish Trend Setup 🚨
Looking at the recent price action, $STO USDT shows a bearish trend that could present a potential short opportunity. Here's a breakdown for the next move:
🔻 Current Price: 0.1407
🔻 Trend: Bearish
Entry Level:
Consider entering around 0.1450 or a slight bounce near 0.1500.
Target Levels:
1. 0.1350
2. 0.1300
Stop Loss:
Set a stop loss just above 0.1500 to minimize risk if the trend reverses.
Analysis:
The recent price movement suggests a strong downward momentum. Watch for a potential pullback around the key resistance levels before entering the trade. If the price rejects these areas, the bearish trend could continue to the target levels.
Always ensure proper risk management and trade with caution.