$STO has recently rebounded impressively from its recent swing low, showing a strong bullish setup. After testing the low near 0.0785, the token has surged past 0.0900, with vibrant green candles accompanied by rising trading volume. This indicates that buyers are re-entering the market and momentum is building for a potential continuation move.
Bullish Continuation Setup:
Entry Zone: 0.0895 – 0.0910
Target 1: 0.0948
Target 2: 0.1005
Target 3 (Key Resistance): 0.1042
Stop-Loss: 0.0860
Technical Analysis:
The formation of a higher low at 0.0785 established a clean reversal base. The subsequent volume breakout signals a shift in momentum, confirming that the bullish trend may continue. Holding above 0.0890 is crucial to maintain short-term bullish structure. The target levels correspond to previous supply zones where $STO experienced rejections, providing realistic profit-taking points for traders.
Overall, momentum looks strong and $STO is setting up for a potential mid-range breakout. Traders can watch the entry zone closely and manage risk with the defined stop-loss level.
