Smart Bounce Strategy on $STO – An Opportunity That May Not Recur
Hello Binance Square Traders
Today we have a smart trading opportunity on the STO/USDT pair after a clear bounce from the bottom, with positive signals from technical indicators on the 4-hour timeframe. Let's analyze the opportunity
What does the chart tell us?
Current price: $0.1209
Lowest recorded point: $0.1056 – A strong reversal candle was formed from it.
RSI: 60.5 – Strong recovery from oversold levels.
Bollinger Bands: The price broke through the lower band and returned inside – A clear signal of a reversal.
MACD: Close to a positive crossover – The upward momentum has begun to form.
Proposed trading plan:
Current entry point (first): $0.1180 – $0.1210
Second entry point (upon correction): $0.1145
Near targets:
First target: $0.1270
Second target: $0.1350
Stop loss: Close of a 4-hour candle below $0.1100
Why is this an opportunity?
The downtrend has been broken for the first time in a long time.
The current candle confirms the reversal from the bottom.
There is a clear price gap that can be filled up to the level of $0.135
The opportunity is strong when technical analysis agrees with price behavior – and that's what we see now