1D chart of STO/USDT on Binance, here’s a quick analysis:
Chart Highlights
Price: $0.1706
24h High: $0.2143
24h Low: $0.1605
Volume: High (269.25M STO)
Recent Low: $0.0956
Recent High: $0.2200
Candle Structure
A huge green candle from $0.0956 to $0.2200 indicates strong recent buying.
Followed by a long red candle and smaller red candles showing profit booking or selling pressure.
Price is now consolidating around $0.1706, slightly above support (~$0.1600).
Momentum & Volatility
High volatility.
No clear MACD/RSI data in the chart, so momentum is unclear.
After a strong pump, a cooldown or pullback is typical.
Trade Plan Suggestion
Short-Term Bias: Neutral to Bearish
Reason:
Price has already pumped hard.
Currently correcting.
Still no clear sign of strong bounce or support holding.
Long Entry Only If:
Price stabilizes above $0.175–$0.180 with strong volume.
Bullish candle structure returns.
Short Entry Possibility If:
Price breaks below $0.160 with volume.
Target toward $0.130 or even back near $0.100 range.
Final Suggestion:
Wait and watch.
If you're already in, set tight stop-loss.
If not in yet, better to wait for clearer support or breakdown. Avoid long entry now unless strong bounce appears.
