🚨 $STO Clear Downtrend (Approaching Strong Support)
The confluence of price below all key MAs, bearish MACD, price at Bollinger lower band and overwhelming contract capital inflow points to a clear downtrend. While RSI and KDJ scream oversold, the momentum and capital flow favor continuation. A breakdown below the immediate support is the higher probability path.
Entry short $STO
• Primary (Aggressive): breakdown and close below support 0.138 with increasing volume. This confirms the downtrend is resuming.
• Secondary (Rejection Short): If price bounces, look for a rejection near resistance at 0.150 with signs of weakening momentum
Stop Loss:
• For breakdown short at ~0.1375, set stop loss at 0.145
• For a rejection short at ~0.1490, set stop loss at 0.157
Target Price $STO : 0.134-0.127