$STPT Potential Short Opportunity? 🚨
Current Price: $0.03993 (+12.96%)
Price surged into the $0.045 zone but is showing signs of stalling with lower highs and indecision candles, signaling a possible exhaustion phase.
Key Levels:
• Resistance: $0.04250 / $0.04500
• Support: $0.03800 / $0.03500
Short Setup:
• Entry Zone: $0.03980 – $0.04120
Targets:
TP1: $0.03800
TP2: $0.03550
TP3: $0.03300
• Stop Loss: $0.04320
Market Insight:
The sharp price spike followed by a volume drop and narrowing range suggests a potential breakdown if bullish momentum doesn't resume.
Pro Tip:
Look for confirmation with a 15m candle close below $0.0395 and a volume surge. Tighten the stop loss once TP1 is reached.
For short scalp traders: Watch closely for a breakdown below $0.040!