$STO , currently trading at $0.0994, is positioned near a critical support level around $0.095. This price point is important for traders as it often acts as a floor where buying interest can increase. If $STO maintains support here with rising volume, it may attract buyers aiming for a bounce, targeting resistance levels at approximately $0.11 and $0.13. Long positions could be entered near this support, with prudent stop loss orders placed slightly below $0.093 to limit downside risk.
Conversely, if the price breaks below $0.095 decisively, it may trigger a bearish move toward lower supports, such as $0.08, potentially encouraging short positions. Traders should watch volume patterns closely higher volume on upward moves suggests strength, while volume spikes on drops indicate selling pressure.
