$STO
BULLISH BREAKOUT SETUP AHEAD
$STO is showing strong bullish momentum as it holds above key support near 0.1650, signaling potential continuation toward higher resistance zones. The recent higher lows pattern suggests accumulation and buyer dominance on the 4H chart. A breakout above 0.1750 could trigger a strong upward move toward the next resistance levels.
Technical Outlook:
Trend: Bullish continuation pattern forming above support
Resistance Zones: 0.1750 – 0.1800 – 0.1850
Support Zones: 0.1650 – 0.1600
🎯 Targets (TP):
TP1: 0.1750
TP2: 0.1800
TP3: 0.1850
🛡 Stop Loss (SL): 0.1600
Risk Management:
Use position sizing carefully; risk only 1–2% of total capital per trade. Move stop loss to breakeven once TP1 is hit to secure gains.