$STO BEARS TAKING CONTROL – SHARP DROP INCOMING ❗🐻🔥

Current Price: ~6.00 AUD

Trend: Strong bearish pressure

Analysis: Price is hovering near key support at 6.00 AUD. If it breaks, the next leg down could accelerate fast.

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Short Trade Setup:

Entry Zone: 5.95 – 6.00 AUD ⛔

Take Profit 1 (TP1): 5.85 AUD 🎯

Take Profit 2 (TP2): 5.70 AUD 🎯

Stop-Loss: Above 6.10 AUD ⚠️

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Technical Indicators:

RSI: Around 42.23, leaning bearish

MACD: Negative at -0.05, confirming downward pressure

Moving Averages: Price is below both 50-day and 200-day MAs – clear downtrend signal

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Key Notes:

If 5.95 AUD fails to hold, sellers could push the price even lower

Always factor in market news and sentiment before entering a position