Attention, $STO traders! The current signals on the chart are a clear warning of caution.
🔴 The Key Divergence:
Despite slight indecision in the Long/Short average, history is told by the price and volume:
The selling Taker volume (red) has experienced significant spikes, exerting strong selling pressure on the asset.
The price is clearly below the moving averages (MA7, MA25, and MA99) on the 15-minute chart, confirming a dominant bearish trend.
The recent decline with the large selling Taker volume candle suggests that any bounce could be fleeting and an opportunity for short positions.
Possible Short Strategy:
➡️ Entry: Monitor the area of 0.08500 - 0.08550 USDT.
🎯 Targets (TP): 0.08300 / 0.08200 USDT.
🛡️ Stop Loss (SL): Above 0.08650 USDT.
⚠️ This is not financial advice. Do your own research (DYOR) and manage your risk.
#STOUSDT #Trading #TechnicalAnalysis. $STO
