$STO HANGING BY A THREAD – WILL IT CRACK OR CLAW BACK?
$STO is trading at $0.1070, slipping -8.08% on the day. After a deep selloff from the $0.1188 high, the price has formed a tight compression zone near support. With bearish momentum still present, traders should brace for a decisive move.
Key Levels to Watch:
• Resistance Zone: $0.1090 – $0.1108
This band caps the current price recovery. A breakout above could invite short-term buying.
• Support Zone: $0.1060 – $0.1070
If this level gives out, expect fresh downside pressure.
Trade Setup – Await Breakout Confirmation:
Bullish Scenario (Upside Breakout):
A confirmed break above $0.1090 could lead to upside targets:
• TP1: $0.1108
• TP2: $0.1130
Bearish Scenario (Breakdown Warning):
Losing $0.1060 support may drag price lower toward:
• TP1: $0.1035
• TP2: $0.1010
Stop-Loss Strategy:
• Long Entry: SL below $0.1060
• Short Entry: SL above $0.1108
180.37K traded—active but lacking conviction, hinting at indecision.