$STO - 🐺

$STO - UPDATE !

Current Price: 0.19241 (+59.41%)
Trend: Strong Bullish (Parabolic Move)
Key Levels:
• Immediate Resistance: None shown, but psychological resistance likely at 0.20000
• Support Zones: No clear levels marked; watch for pullback to 0.15000 or lower

Technical Indicators & Patterns:
• BMS Label: Typically indicates a breakout momentum signal—confirms strong buying pressure
• Volume Spike: The extreme move suggests FOMO buying; be cautious of a potential sharp retracement
• RSI : Likely in overbought territory (>70), increasing reversal risk

Trade Strategy:
• Aggressive Approach: If bullish, wait for a retest of 0.15000–0.16000 for a potential long entry
• Conservative Approach: Wait for a consolidation phase—parabolic moves often correct hard
• Stop-Loss: If trading, keep a tight SL below key support (e.g., 0.14000)