$STO PRESSURE ZONE – IS THIS A BASE OR BREAKDOWN?
STO/USDT is trading at $0.1278, holding just above local support after a sharp rejection from the $0.1536 high. Despite a 9% daily gain, momentum has stalled. Price is now consolidating in a tight range—setting up for a decisive move soon.
Key Levels to Watch
• Resistance: $0.1305 – A breakout above this level could drive a recovery rally toward $0.1340 and $0.1385.
• Support: $0.1275 – A breakdown here may lead to a slide toward $0.1240 and $0.1200.
Trade Setup – Tight Coiling, Breakout Likely
Bullish Entry: A 15-min close above $0.1305 could trigger:
• TP1: $0.1340
• TP2: $0.1385
Bearish Entry: A clean drop below $0.1275 may push price toward:
• TP1: $0.1240
• TP2: $0.1200
Stop-Loss:
• Longs: Below $0.1270
• Shorts: Above $0.1308