$STO 🔥 Technical Analysis & Signal
Currently trading around $0.20, $STO shows strong bullish momentum after a significant breakout. Volume is high, supporting the move. Immediate support is near $0.1610, with the breakout base around $0.0956. The immediate resistance is the current local high of $0.2030.
Signal:
Consider a breakout entry above $0.2030 with confirmation of strong volume for a potential move towards $0.2300. A pullback to the $0.16-$0.17 range could offer another entry opportunity if bullish volume remains. Be cautious of a fake breakout if the price quickly drops below $0.1900. Place stop-loss orders below $0.1800 for breakout entries and below $0.1500 for pullback entries to manage risk. Watch for consolidation above $0.1610 as a sign of continued bullish strength.
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