Quick analysis on 1 hour frame and short term trading plan for STO/USDT pair:
1. Technical Analysis
Momentum & Price
Price bounced strongly from ~0.12 to ~0.22 in the session of 05/02 → nearly 2x in a split second.
Currently recovering, closing 1 hour around 0.1639, down ~25% from the peak.
MA Line
MA7 (yellow) ≈ 0.1752 is pointing down - showing that the recovery has lost momentum.
MA25 (pink) ≈ 0.1930 is still pointing down from the peak, confirming the short-term recovery trend is down.
MA99 (purple) ≈ 0.1473 is dynamic support; price is ~11% away from MA99
Support & Resistance
Strong support: 0.1600–0.1620 area (bottom before spike, close to MA99).
Short-term resistance: 0.1750 (MA7) → 0.1800 (mid-session recovery peak).
Volume
Volume gradually decreases as price recovers, signaling that selling pressure is weaker than the previous sell-off.
Price pattern
A series of 6 red candles gradually appear → the possibility that "the market is recharging" for the technical recovery.
2. Short-term trading plan
A. Bullish scenario (technical bullish flip)
Entry Buy: 0.1620–0.1640
Stop-loss: 0.1580 (below hard bottom + MA99)
Take-profit:
TP1: 0.1750 (MA7)
TP2: 0.1800 (rebound top)
Maximum risk: ~2.5% per order
Target R/R: 1:2 – 1:3
B. Bearish scenario (continue to decline)
Entry Short: if 0.1600 is broken with 1-hour candlestick closing
Stop-loss: 0.1640 (break the old support zone)
Take-profit:
TP1: 0.1500
TP2: 0.1450 (near hard MA99)
Target R/R: ~1:2
3. Capital Management & Time
Capital ratio for orders: no more than 3 – 5% of the account.
Monitoring time frame: update MA7/MA25 every 1 hour.
Psychology: do not chase prices near the strong resistance zone of 0.18–0.20.
Long-term vision: after this technical recovery, if STO stays above MA99 and surpasses MA7 → the possibility of continuing the medium-term uptrend, target 0.22–0.25. On the contrary, if it breaks and does not hold the 0.16 zone, there will be a deep decline to 0.12 or lower.
Wish you effective trading!