$STO – Breakout Underway with Strong Bullish Momentum
$STO /USDT is currently trading at $0.12946 (+8.54%), approaching the 24-hour high of $0.13241 with strong upward momentum. The price is holding above key moving averages (MA 7/25/99), reflecting sustained buying pressure and a solid uptrend.
Trade Setup – Momentum Breakout Strategy
Entry Zone: $0.12850 – $0.13000
Target 1 (TP1): $0.13250
Target 2 (TP2): $0.13580
Target 3 (TP3): $0.13990
Stop-Loss: $0.12420
Market Outlook:
With trading volume nearing 229M STO and price action firmly above major MAs, STO is exhibiting characteristics of a confirmed breakout. Minor consolidations near resistance could offer continuation opportunities if broken with strength.
Pro Tip: Watch for a decisive candle close above $0.13250 accompanied by a volume surge — this would signal a strong breakout continuation. Monitor the 1H and 4H charts for confirmation.
