$STO USDT BEARISH PRESSURE BUILDS: STO SLIDES BELOW SUPPORT, SELLERS IN CONTROL!
๐ Technical Analysis Overview
The $STO USDT pair is currently bearish, trading at $0.0747, down 4.72% in the last 24 hours. The price is struggling to hold key support, with rejection near $0.0787, marking it as a strong resistance level. Sellers are dominating as the structure breaks down further.
๐ Key Levels
Immediate Resistance: $0.0765
Major Resistance: $0.0787
Immediate Support: $0.0730
Major Support: $0.0700
With a daily low of $0.0729, the price is testing support around $0.0730. A breakdown below this zone may accelerate bearish momentum toward $0.0700.
๐ Trade Setup โ SHORT Position
Entry: $0.0745โ$0.0750
Take Profit (TP):
TP1: $0.0730
TP2: $0.0700
Stop Loss (SL): $0.0770
This setup is ideal for catching the next leg down as STO struggles to reclaim lost levels and volume supports the downside.
๐ง Market Outlook
The token is down 15.40% in the past 7 days and -35.82% over the last year, indicating long-term bearish sentiment. Unless bulls reclaim resistance quickly, STO looks ready for a further drop toward deeper support zones.
โ ๏ธ Risk Management
Only risk 1โ2% per trade. Stick to the SL, and always monitor volume for confirmation. Avoid revenge trading after losses.
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