Alright team, checking in on $STO and it's been quite the ride.
We saw a solid pump here, but it looks like we're hitting some resistance around that $0.1172 mark, which was the 24h high. Not surprising to see some profit-taking after such a strong move.
Right now, it's pulled back to around $0.0933. We need to watch this level closely. If it holds, we could see another push. If it breaks, the previous support around $0.0855 or even lower, near the $0.07 psychological level, might come into play.
Volume has been picking up on these moves, which is a good sign for conviction, but the recent red candles on the pullback also show decent sell volume.
For the next move, I'd be looking for a clear bounce off current levels with increasing buy volume, or a retest of lower support before considering new entries. Patience is key here. Don't chase pumps.
Stay sharp!