ALERT: $STO Longs Just Got Rekt!
$6.40K Liquidated at $0.1179 — Big Money Exit or Setup for a Bull Trap?
The market just sent a shockwave — $STO saw a major long liquidation at $0.1179, clearing out over $6.4K worth of leveraged positions. This could be the perfect storm for a reversal, or the beginning of a deeper correction.
Here’s what the chart whispers:
Buy Zone:
$0.1050 – $0.1120
This is the high-probability accumulation zone — where smart money may step in quietly while weak hands panic.
Target Levels:
Target 1: $0.1250 (Gap Fill from Previous Wick)
Target 2: $0.1345 (Major Resistance + Psychological Level)
Target 3: $0.1450 (Momentum Breakout Zone)
Stop Loss:
Below $0.1025 (Confirmed breakdown from support & invalidation of bullish setup)
Market Psychology:
This liquidation event may signal a "fake-out flush", designed to trigger fear. If the price reclaims $0.1200 quickly, it could indicate strong bullish intent. Watch volume closely — rising volume on green candles = strong hands entering.
Insight:
The whales might just be playing chess while retailers are stuck on checkers. This might not be the end — but a fresh beginning for $STO . Stay sharp. Watch the zone. Trade smart.