I'm Spotting: $STO – A Pullback with Potential
Tip 1: STO is down -15.95% — but don't just see red, see opportunity. This drop may be a reset before a bounce.
Tip 2: Battle Lines Are Clear:
Support Floor: $0.1230 — a critical zone where previous buyers defended heavily.
Resistance Ceiling: $0.1485 — STO needs to reclaim this level to flip the trend back to bullish.
Tip 3: Tactical Trade Plan
Buy Entry: $0.1250 – $0.1290 (look for consolidation signs near the support)
Sell Target: $0.1440 – $0.1490 (exit before major resistance)
Stop Loss: $0.1195 (tight enough to avoid deep downside)
Market Insight: This isn’t just a crash — it’s a cool-off. STO had a run-up and is now correcting. Volume has decreased during the drop,
which is a bullish divergence. When sellers get exhausted and volume returns, expect a quick push back up.
Next Move: Wait for confirmation — a hammer candle or bullish engulfing near $0.125 could be your trigger. If it bounces, STO could regain ground fast.
Don’t chase; let the chart tell you when to enter.